Mohali, March 29 -- The Punjab Real Estate Regulatory Authority (RERA) has directed M/s Omaxe Chandigarh Extension Developers Pvt Ltd to pay 10.80% interest per annum amounting to nearly Rs.34 lakh to a Shimla-based couple for delay in handing over their four-BHK flat in "The Lake" project at Omaxe, New Chandigarh.

The couple, Rajinder Sachdeva and Archana Sachdeva, represented by counsel Mohd Sartaaj Khan became subsequent allottees on October 12, 2023, after purchasing the unit from the original allottees. They approached RERA seeking delayed possession interest, correction of area calculations and a direction for valid possession.

In its defence, the developer argued that the original allottees had defaulted on payments, leading to a...