Mohali, Sept. 29 -- The Punjab Real Estate Regulatory Authority (RERA) has restored a Zirakpur homebuyer's allotment after setting aside its cancellation by Suksha Developers, which had demanded a penalty of Rs.16 lakh from him for not paying the outstanding amount. The authority also directed the builder to pay 10% annual interest for delaying possession of the flat in its Sushma Valencia project

In its order, RERA also directed the developer to issue a possession letter after obtaining the completion certificate from the competent authority.

Vishal Talwar, who booked a flat on the second floor of Sushma Valencia at Nagla village, approached the authority after the builder cancelled his allotment in December 2024 and demanded a penalty...