RERA orders builder to pay 10.7% interest for 18-month delay on Rs 44.36L flat

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A real estate developer has been directed by RERA to compensate a homebuyer after delaying possession of a flat worth Rs 44.36 lakh by 18 months. The regulatory authority ordered the builder to pay interest at a rate of 10.7% on the amounts already paid by the buyer. The interest calculation will begin from June 26, 2025, and will continue until the buyer receives lawful possession of the flat. The ruling highlights RERA's role in protecting homebuyers from delays by holding developers financially accountable.

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