Mohali, June 10 -- The Punjab Real Estate Regulatory Authority (RERA) has directed a Zirakpur-based developer to pay over Rs.13.37 lakh in interest for the delayed possession of a flat to a Bihar homebuyer.

The order stems from a complaint filed by Himanshu Kumar of Patna against M/s Paradigm Business Venture, the promoter of The Hermitage Park Phase-II project in Dhakoli, Zirakpur.

The complainant, represented by counsel Mohd Sartaj Khan, booked a 4-BHK apartment in Tower 5A of the project in November 2022 and later signed an agreement to buy the flat in February 2023 for a total consideration of Rs.74.5 lakh. He paid over Rs.39.11 lakh under a construction-linked payment plan, including funds disbursed through a home loan from State B...