Haryana RERA Orders Pyramid Infratech to Pay 10.8% Interest for Delayed Flat Handover

Dated on: Monday 24th August 2026

Haryana RERA has directed Pyramid Infratech to compensate homebuyers for delays in handing over flats by paying interest at the prescribed rate of 10.8% per annum. The order reinforces buyers’ entitlement to compensation when developers fail to deliver possession within the agreed timeline. The authority’s decision highlights the financial consequences of delayed possession under the RERA framework. The prescribed interest rate is linked to the applicable SBI lending benchmark plus the regulatory margin, ensuring a standardised approach to delay compensation. The ruling strengthens homebuyer protection and reminds developers that possession commitments must be met within the promised timeframe.