Mohali, June 17 -- The Punjab Real Estate Regulatory Authority (RERA) has directed Omaxe Chandigarh Extension Developers Pvt. Ltd. to pay Rs.34.81 lakh as interest to two homebuyers for delaying possession of a flat in its "The Lake" housing project at New Chandigarh.

According to the homebuyers represented by Mhd Sartaj Khan, the complainant booked a 3BHK apartment in the project and paid Rs.58.60 lakh towards the total sale consideration of Rs.72.18 lakh. The initial booking was made in August 2014.

The allottees told the authority that despite paying more than 80% of the sale consideration, they had not received possession of the apartment. They sought interest for the delay and directions to the developer to hand over possession aft...