India, Sept. 24 -- LUCKNOW The Lucknow bench of the Allahabad high court has held that a homebuyer does not lose the statutory right to claim interest for delay in getting possession merely because he subsequently accepted the flat.

The court also observed that the Real Estate (Regulation and Development) Act (RERA) does not prescribe any specific limitation period for claiming interest on account of delayed possession.

Justice Prashant Kumar made the observations while dismissing an appeal filed by Antriksh Developers and Promoters Pvt Ltd in a dispute concerning its Antriksh Golf View project in Sector 78, Noida.

The buyer, Shyam Sunder Agrawal, had booked a flat in the project in 2010, with possession due by November 2012. However, ...