OC in 2020, Keys Only in 2023: Tribunal Forces Builder to Pay Interest Till Actual Possession

Tribunal rules interest runs till actual keys are handed over, not till OC. Builder also cannot charge maintenance for the period possession was withheld.

MahaRERA Orders Interest for Delayed Possession in Kalyan’s Vrundavan Project

MahaRERA directs Shree Vasturachana Developers to pay interest for delayed possession in Vrundavan project, Kalyan, as physical handover without OC ruled invalid. Buyer wins compensation under Section 18.

MahaRERA Told Homebuyers to Cooperate. Tribunal Tells Builder to Pay Up

The Rais booked a flat in 2013, paid ₹79 lakh, and were promised possession by December 2017. What followed was a developer collapse, a project takeover, a majority consent exercise they never agreed to — and a regulator that told them to cooperate. The tribunal disagreed.

Builder Couldn’t Pay ₹2,000 Cost, MahaRERA Orders ₹25 Lakh+ Refund to Homebuyer

In a telling case, MahaRERA ordered SSK Realtors to refund over ₹25 lakh plus interest after the builder failed to pay even ₹2,000 cost imposed for setting aside an ex-parte order. The homebuyer had booked two flats in the delayed “Tulsi Darshan” project in 2015; the project remains incomplete even in 2026.

“You Stayed in It — So Stop Complaining”: How MahaRERA Let a Builder Off the Hook After 35 Months of Illegal Delay

MahaRERA ruled a buyer who accepted fitout possession 49 days late — with no OC — forfeited 35 months of delay interest. A devastating precedent.