📷 Image: Wikimedia Commons / Satdeep Gill
Business
Punjab RERA orders restoration of Zirkapur flat, mandates interest for delay
✍️ Hindustan Times
🗓 30 Sep 2026, 04:37 AM
👁 9
The Punjab Real Estate Regulatory Authority ordered the restoration of a buyer’s flat in Zirkapur and directed the developer to pay interest for the delay.
The Punjab Real Estate Regulatory Authority (RERA) issued a directive on Wednesday to restore a residential flat in Zirkapur that had remained incomplete for several months. The order came after a formal complaint by the flat’s buyer, who alleged that the developer failed to deliver the unit within the agreed timeline.
RERA’s decision not only mandates the immediate handover of the flat but also requires the developer to pay interest on the amount already paid by the buyer, calculated from the date of the original delivery deadline. The authority cited provisions of the Punjab Real Estate (Regulation and Development) Act, which empower it to enforce compensation for undue delays.
Legal experts say the ruling underscores RERA’s growing role in safeguarding home‑buyers’ interests across the state. The developer has been given a short window to comply, failing which further penalties may be imposed.
The buyer, who chose to remain anonymous, expressed relief at the swift intervention, noting that the decision restores confidence in the regulatory framework governing real‑estate projects in Punjab.
RERA’s decision not only mandates the immediate handover of the flat but also requires the developer to pay interest on the amount already paid by the buyer, calculated from the date of the original delivery deadline. The authority cited provisions of the Punjab Real Estate (Regulation and Development) Act, which empower it to enforce compensation for undue delays.
Legal experts say the ruling underscores RERA’s growing role in safeguarding home‑buyers’ interests across the state. The developer has been given a short window to comply, failing which further penalties may be imposed.
The buyer, who chose to remain anonymous, expressed relief at the swift intervention, noting that the decision restores confidence in the regulatory framework governing real‑estate projects in Punjab.