RERA Act
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Haryana RERA Directs Agrante Realty to Pay 10.8% Interest for Delayed Kavyam Possession
Dated on: Thursday 1st October 2026Haryana RERA has directed Agrante Realty to pay 10.8% annual interest to two allottees over a delay in handing over apartments in the Kavyam project. The developer missed the promised possession deadline of August 2023, resulting in a delay of around three years. The authority held the promoter responsible for compensating the buyers for the delayed possession period. The order reinforces the contractual rights of homebuyers when developers fail to meet committed delivery timelines. The case highlights the financial consequences developers may face under RERA for prolonged possession delays.
