Homebuyers Can Claim Interest For Delay Even After Occupancy

A homebuyer in Mumbai booked a flat that was supposed to be ready by the end of 2022.

However, there was a delay of three years.

The builder has now given the occupation certificate and offered possession, but the homebuyer wants interest on the amount paid due to the delay.

The builder says they don't have to pay interest now.

A legal expert says that according to the law (RERA), homebuyers can still claim interest even after the occupation certificate is issued.

The courts have also supported this.

The expert advises the homebuyer to insist on the interest and, if needed, file a complaint with MahaRERA to get the interest and a fine for the builder.