Mohali, March 3 -- The Punjab Real Estate Regulatory Authority (RERA) has ordered Omaxe Chandigarh Extension Developers Pvt Ltd to pay 10.80% annual interest to an Ambala-based couple for over four years of delay in handing over possession of their flat in "The Lake" project at New Chandigarh.

In its February 17, 2026 order, the authority directed the developer to clear interest arrears within 90 days and issue a valid offer of possession after obtaining the completion certificate. The detailed order was issued recently.

The complainant represented by Advocate Mohd, Sartaj Khan, submitted that they had booked a 3BHK flat in November 2015 for Rs.83.55 lakh. As per the allotment letter dated November 23, 2015, possession was to be deliver...