The Economic Times

Waited long for a delayed project? Punjab RERA says no extra compensation for homebuyer other than interest for delay period

A homebuyer who opted to continue with a delayed housing project in Chandigarh will only receive RERA-mandated interest compensation for the delay. Punjab RERA ruled that additional compensation for rent, legal fees, or mental distress is not permissible if the allottee chooses to stay with the project instead of withdrawing.