Positive impactSector
Do homebuyers lose claim to interest on delayed flat once you accept possession? Here's what Allahabad HC ruling states…
Mint 1d ago·29 Sept 2026, 6:20 pm
The Allahabad High Court has ruled that homebuyers can continue to claim interest on their delayed flats even after accepting physical possession. The court clarified that the Real Estate (Regulation and Development) Act, or RERA, does not specify a time limit for such payments. This decision means that possession alone does not waive the buyer's right to compensation for the delay.
This ruling is significant for investors as it strengthens the legal standing of homebuyers. It ensures that developers cannot escape their obligation to pay interest simply because the buyer has moved into the property. For investors, this reinforces the importance of strictly adhering to RERA regulations and highlights the need for developers to manage timelines effectively to avoid such legal complications.
Going forward, homebuyers should be aware that accepting possession does not forfeit their claim to delayed payment interest. Developers may need to review their standard agreements to ensure they are compliant with this judicial interpretation. Investors should monitor how this ruling influences the broader real estate sector and the enforcement of RERA norms.
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