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RERA relief to Chandigarh couple after six-year wait; developer ordered to pay interest and hand over possession
Punjab RERA directed the developer to pay about ₹54 lakh as delay interest at 10.80% per annum and to hand over possession after completion and occupation certificates. The order also confirms ongoing interest on deposits and rejects Covid-related delay relief, citing March 2019 as the due date for possession.
Why It Matters
The ruling illustrates how RERA enforces timely possession and transparency in area and pricing practices, demonstrating consumer protections in large housing projects.
Timeline
6 Events
RERA rejects Covid-related delay relief
May 10, 2026
RERA refused to grant relief on Covid-related delays, noting that possession was due in March 2019, before the pandemic began.
Punjab RERA relief ordered: delay interest and possession after certificates
May 10, 2026
Punjab RERA directed the developer to pay around ₹54 lakh as delay interest at 10.80% per annum on the deposited amount and to hand over possession after obtaining completion and occupation certificates.
Deposits referenced by RERA
March 21, 2019
RERA noted that over ₹68 lakh had been deposited by the complainants from March 21, 2019 till the date of the order.
Possession due; payments made by buyers
March 2019
Possession was due in March 2019; the buyers had paid over ₹70 lakh including GST by that time.
Buyer’s agreement signed
March 2015
The buyers signed the buyer’s agreement in March 2015 with Omaxe Chandigarh Extension Developers Pvt Ltd for a 1,920 square feet unit at a total cost of ₹80 lakh.
Booking of 3BHK flat in Tower Caspean-E (Omaxe The Lake), New Chandigarh
2014
Kabir Chauhan and Brindra Chauhan booked a 3BHK flat in Tower Caspean-E of Omaxe The Lake project in New Chandigarh in 2014.