RERA orders builder to pay interest after rejecting excuse for undelivered flat

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The Maharashtra Real Estate Regulatory Authority (RERA) has ruled against a builder for failing to deliver a booked flat. The authority rejected the developer's excuse of a jurisdictional dispute between PMRDA and PMC, stating it was invoked after the delay occurred. The homebuyer had paid Rs 39.15 lakh of the total flat cost of Rs 41.85 lakh. RERA has ordered the builder to pay interest on the amount, which can be adjusted against the final payment.

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