Mohali, July 12 -- The Punjab Real Estate Regulatory Authority (RERA) has directed Innovative Housing & Infrastructure Pvt Ltd and four other respondents to pay Rs.29.76 lakh as interest to a Mohali woman for delaying possession of a commercial bay shop in its New Chandigarh project. The authority also ordered the developer to offer possession after obtaining the completion certificate.

The order came on a complaint filed by Suman Lata, a resident of Tira village in Mohali, under Section 31 of the Real Estate (Regulation and Development) Act, 2016.

According to the complaint, Suman Lata purchased a shop in the developer's "PCL Gateway" project for Rs.81 lakh on November 4, 2020. The allotment letter stipulated that possession would be h...