Punjab RERA orders Omaxe to pay Rs 1.27 crore interest to homebuyer over delayed possession
Indian Express·4h ago·Neutral
What Happened
Punjab RERA ordered Omaxe Chandigarh to compensate homebuyer Harnawab Sandhu Rs 1.27 crore in interest for delaying flat possession in New Chandigarh since 2015. The developer must deliver legal possession or face Rs 1.50 lakh monthly penalty increase. Buyer paid Rs 1.67 crore toward the property.
Key Entities
Punjab RERAOmaxe Chandigarh Extension Developers Pvt LtdHarnawab SandhuThe Lake projectNew ChandigarhPNB Housing Finance LtdRs 1.27 croreBinod Kumar Singh