Builder delays flat delivery by 18 months; regulatory body mandates 10.7% interest for homebuyer.

Interest will be calculated on the payments made by homebuyers starting from June 26, 2025, until the date when legal possession of the property is officially transferred to the buyer. This provision is aimed at providing clarity on the financial obligations for homebuyers during the period leading up to the completion of their property purchase. Buyers are advised to keep detailed records of their payments and be aware of the timeline for final possession to avoid any discrepancies. Homebuyers should also consult with legal and financial advisors to understand the implications of this interest calculation on their overall purchase costs.