Times of IndiaLean R·
Got keys to your home after years of delay? You may still claim interest for lost time
In India, homebuyers can seek interest compensation for delays in property possession from developers. Recent judicial decisions confirm that taking possession does not forfeit the right to claim such interest. Notably, the Allahabad High Court supported a homebuyer over a substantial delay in receiving possession. Claims can rely on agreements, payment records, and RERA regulations, emphasizing the importance for buyers to understand their rights amid developer delays.
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