India, Sept. 27 -- Paid for the flat, been paying EMIs and rent for years, and finally got the keys, only after a long wait? A recent Allahabad High Court ruling could be significant for homebuyers who accept delayed possession but still seek compensation for the time they were kept waiting. The Lucknow bench of the Allahabad High Court has ruled that accepting possession of a delayed flat does not, by itself, take away a homebuyer's right to claim interest for the period of delay.

The court dismissed an appeal filed by Antriksh Developers and Promoters Pvt Ltd in a dispute involving its Antriksh Golf View project in Sector 78, Noida. It upheld the direction requiring the developer to pay interest to the homebuyer, Shyam Sunder Agrawal, ...