NewzThe Real Estate Regulatory Authority (RERA) has ordered a builder to pay an interest rate of 10.7 percent following an 18-month delay in handing over a flat valued at Rs 44.36 lakh.
According to the ruling, the calculated interest will apply specifically to the amounts already deposited by the homebuyer. The penalty accrues starting from June 26, 2025, and will continue until the lawful possession of the property is formally transferred to the buyer.
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