Archive · 25 Nov 2025
Punjab RERA Orders Omaxe to Pay Delay Interest
The Punjab Real Estate Regulatory Authority (RERA) has told a company named Omaxe to pay Rs 44.63 lakh because they were late in giving homes to some people.
The people, Anil Kumar Sanghi and Sunita Sanghi, had paid most of the money for their home in a project called 'The Lake' in New Chandigarh.
The company was supposed to give them the home by September 7, 2019, but they didn't.
RERA said the company has to pay this money because they were late.
Even though the building got a certificate saying it was ready in November 2024, RERA said that doesn't mean the company doesn't have to pay for being late.
Punjab RERA ordered Omaxe to pay Rs 44.63 lakh as delay interest for 'The Lake' project at New Chandigarh.
The complainants, Anil Kumar Sanghi and Sunita Sanghi, had paid Rs 76.48 lakh out of the total sale value of Rs 82.11 lakh.
Possession was supposed to be handed over by September 7, 2019, but was only offered on June 27, 2025.
RERA ruled that obtaining an occupancy certificate does not absolve the developer of liability for delay.
The order was passed by RERA chairman Rakesh Kumar Goyal under sections 31 and 40(1) of the Real Estate (Regulation & Development) Act, 2016.
- Who
- Punjab Real Estate Regulatory Authority (RERA) and M/s Omaxe Chandigarh Extension Developers Pvt Ltd
- What
- RERA ordered the developer to pay Rs 44.63 lakh as delay interest for failing to deliver possession on time
- When
- The order was passed under sections 31 and 40(1) of the Real Estate (Regulation & Development) Act, 2016
- Where
- The case pertains to 'The Lake' project at New Chandigarh, Punjab
- Why
- The developer failed to hand over possession by the agreed deadline of September 7, 2019, including the grace period
- Complainants
- Anil Kumar Sanghi and Sunita Sanghi
- Developer
- M/s Omaxe Chandigarh Extension Developers Pvt Ltd
- Project
- The Lake at New Chandigarh
- Total Sale Value
- Rs 82,11,488
- Amount Paid by Complainants
- Rs 76,47,972
- Delay Interest Ordered
- Rs 44,63,919
- Original Possession Deadline
- September 7, 2019
- Actual Possession Offered
- June 27, 2025