H-RERA Directs OSB Expressway Towers Builder to Pay 11.10% Interest for Delay

Dated on: Thursday 21st August 2025

The Haryana Real Estate Regulatory Authority (H-RERA) has ordered Ocean Seven Buildtech to compensate homebuyers of OSB Expressway Towers in Gurugram’s Sector 109 with 11.10% annual interest for delays of nearly eight years. The compensation will be calculated from May 2022 until possession is handed over. The developer’s reasons, including NGT restrictions, COVID-19, and account freezes, were rejected. H-RERA further prohibited the builder from levying extra charges like labour cess or additional taxes. Buyers must clear dues within 60 days, while the builder has 90 days to settle compensation.