Mohali, May 18 -- The Punjab Real Estate Regulatory Authority (RERA) has directed Omaxe New Chandigarh Developers Pvt Ltd to pay delayed possession interest to two Amritsar residents who booked a penthouse in "The Lake" project in New Chandigarh. It rejected their plea seeking a refund of charges levied on super area. According to the complaint, filed under Section 31 of the Real Estate (Regulation and Development) Act, 2016, the buyers were allotted a penthouse unit in "Tower Mystic-A" through an agreement dated January 4, 2023. The total sale consideration for the unit was fixed at Rs.1.85 crore, out of which the complainants paid more than Rs.76 lakh, including GST. The complainants alleged that Omaxe failed to hand over the possession by July 31, 2023, the date mentioned in the agreement. They also challenged the developer's practice of charging based on super area instead of carpet area, claiming the company had collected excess payment. Omaxe, however, told the authority that it obtained the occupation certificate for the project in October 2023 and offered possession to the buyers in November 2023. The company argued that the agreement clearly disclosed both carpet area and super area. Partly allowing the complaint, the authority held that the buyers were entitled to delayed possession interest under Section 18 of the RERA Act from July 31, 2023 till January 18, 2024. At the same time, the authority rejected the claim regarding super area charges, observing that the RERA model agreement did not prohibit sales based on super area and that contractual terms voluntarily accepted by both parties remained binding. Referring to the principle of "Pacta Sunt Servanda"-meaning agreements must be honoured-the authority held that the buyers could not later seek a refund of charges clearly mentioned in the agreement....