Punjab RERA Orders Interest for Delay but Dismisses Extra Rs 75 Lakh Charge Claim
Punjab RERA granted partial relief to Amritsar homebuyers by ordering a builder to pay interest for delayed possession. However, the authority dismissed the buyers' claim of an extra Rs 75 lakh charge, ruling that the builder cannot unilaterally increase charges without clear contractual agreement. The dispute arose after the builder charged for super area instead of carpet area as per the agreement. RERA highlighted the importance of buyers understanding contract terms under the 'Caveat Emptor' principle.