Mohali, March 16 -- A Chandigarh couple has received relief from the Punjab Real Estate Regulatory Authority (RERA) that has directed Omaxe Chandigarh Extension Developers Pvt Ltd to pay interest for delay in handing over possession of a flat booked in its New Chandigarh project.

Passing the order, RERA held that since possession was not offered by the committed date of December 2022, the complainants were entitled to interest for the delay under Section 18(1) of the Real Estate (Regulation and Development) Act.

The complainants, residents of Sector 38-C, Chandigarh, had booked a three BHK flat in 2018 in "The Resort, Part-A" project in Omaxe, New Chandigarh. As per the buyer's agreement, signed on July 6, 2018, the total price of the u...