Mohali, March 12 -- The Punjab Real Estate Regulatory Authority (RERA) has directed a Zirakpur-based developer to refund Rs.26.1 lakh with interest to two homebuyers of Bengaluru for failing to deliver possession of a flat for more than 12 years.

The complaint was filed by Bengaluru residents Badri Narayanan Gururaian and Akhila Sowmya Rao Parigi against Royale Empire. The authority directed the developer to refund Rs.26.10 lakh, along with interest at 10.80% per annum from January 19, 2020, until the date of actual payment. The builder has been given 90 days to comply with the order and submit a compliance report.

According to the complaint, the couple booked a residential flat in 2011 in the Royale Empire project in Zirakpur. They pai...