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Flat possession delayed? You can claim interest even after accepting keys, rules Allahabad High Court
Mint 3 hrs ago·25 Sept 2026, 2:06 pm
The Allahabad High Court has ruled that accepting physical possession of a property does not automatically waive a buyer's right to claim interest for delays in handover. The court clarified that the act of taking keys does not constitute an implied waiver of the contractual right to interest for the period the possession was delayed.
This ruling is significant for homebuyers, as it protects their financial interests. It ensures that buyers can still claim interest on the property value even after they have moved in, holding developers accountable for their timelines regardless of the physical handover.
Investors should monitor upcoming legal cases and regulatory guidelines. The market may see increased scrutiny on project timelines and developer compliance. Watch for updates on how this judgment influences developer policies and consumer protection laws.
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