Last Updated on March 23, 2026 by Satish Mishra
RERA Punjab Authority Grants Interest for Delayed Possession in Marbella Grand Project in a recent complaint before it.
In a significant ruling dated 13 March 2026, the Punjab Real Estate Regulatory Authority (RERA) held the developer SRG Developers & Promoters liable for delay in handing over possession and directed payment of interest to the homebuyers.
This case reinforces the rights of allottees under Section 18 of the RERA Act, 2016.
Complaints against Marbella Grand (Sector 82A, Mohali, RERA No: PBRERA-SAS81-PR0391) by SRG Developers can be filed online via the RERA Punjab official portal for issues such as delayed possession, compensation, or structural complaints. Multiple cases are currently active against the project before Punjab RERA Authority.
📌 Case Background
- Project: Marbella Grand, IT City, Sector 82, Mohali
- Flat: 4+1 BHK, Tower D
- Total Price: ₹2.10 crore
- Possession Date (Agreed): 30.06.2024
The buyers had paid almost the entire sale consideration, but the developer failed to deliver possession within the promised timeline.
⚖️ Key Issues Before RERA
- Whether there was delay in possession
- Whether buyers are entitled to interest compensation
- From which date and for what period interest should be calculated
🏛 RERA’s Key Findings
🔹 Delay in Possession Established
As observed on page 4 of the order:
- Possession was not delivered by 30.06.2024
- Delay of 466 days was calculated till October 2025
- Developer failed to adhere to agreement timelines
🔹 Section 18 RERA Applies
RERA held:
Delay in possession gives the allottee a statutory right to interest.
The Authority reiterated that:
- Buyers can claim possession + interest
- Interest is payable till actual offer of possession
🔹 Occupancy Certificate Is Mandatory
The Authority clarified (page 5–6):
- Possession must be offered only after Occupancy Certificate (OC)
- Partial completion certificate is not sufficient
- Valid possession requires compliance with statutory approvals
💰 Interest Calculation & Award
From the calculation table on page 7:
- Principal Amount: ₹1.57 crore (approx.)
- Interest Rate: 10.80% (SBI MCLR + 2%)
- Period: July 2024 to December 2025 (~18 months)
- Interest Amount: ₹25,51,500
RERA held this amount to be reasonable and payable.
🧾 Final Directions by RERA
- Builder directed to hand over possession immediately
- Pay ₹25.51 lakh as interest compensation
- Payment to be made within 90 days
- Amount recoverable as land revenue in case of default
- Buyers directed to complete possession formalities
📌 Key Legal Takeaways
✔ Delay beyond agreement date = automatic liability
✔ Section 18 gives statutory right to interest
✔ OC is mandatory for valid possession
✔ Partial completion ≠ lawful possession
✔ Interest can be recovered as land revenue
🧑⚖️ Why This Judgment Matters
This ruling strengthens consumer protection in real estate disputes and sends a strong message:
Builders must strictly adhere to timelines or compensate buyers.
It also highlights that RERA orders are enforceable like revenue recovery, making them highly effective.
- Register Online: Visit the RERA Punjab website and create a “Complainant” ID to file a new case.
- Select Form: Use Form M for complaints with the Regulatory Authority (compliance/violations) or Form N to the Adjudicating Officer for compensation.
- Fill Details: Provide project details, including the project name (Marbella Grand) and registration number PBRERA-SAS81-PR0391.
- Pay Fee: Pay the required registration fee (usually INR 1,000) online.
- Documentation: Attach all relevant documents such as the allotment letter, payment receipts, and the buyer agreement.
- Delayed possession beyond the scheduled date (scheduled for Sept 2025 in some agreements, though many cases concern earlier dates).
- Refund of payments with interest due to project delays.
For specialized legal advice regarding RERA, consultations with professionals like those at Legalseva.net can be considered.
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