Haryana RERA Orders Ansal Phalak Infrastructure to Pay 10.8% Interest for Flat Delay
Gurugram, August 29, 2026: Haryana Real Estate Regulatory Authority (HRERA) has directed Ansal Phalak Infrastructure to pay delayed possession interest at 10.8% per annum to homebuyers who booked a flat in the Esencia project in Sector 67 more than a decade ago.
The buyers had booked a 1,572 sq ft Sovereign Floors unit in August 2012 for over ₹1.2 crore. Under the buyer agreement, possession was due by February 21, 2016, including the six-month grace period.
Interest Payable From February 2016
HRERA directed the developer to pay interest on the delay from February 21, 2016, until a valid offer of possession. The outstanding interest has to be cleared within 90 days, while subsequent monthly interest must be paid before the 10th of each month.
The 10.8% rate was calculated using the SBI marginal cost of lending rate of 8.80% plus 2%, as prescribed under the Haryana RERA framework.
Possession Must Follow Occupation Certificate
The authority directed Ansal Phalak Infrastructure to offer possession within 30 days of obtaining the occupation certificate (OC) and execute the conveyance deed as required under RERA.
The developer has also been barred from imposing holding charges on the homebuyers, in line with the Supreme Court's ruling in the Capital Greens case.
Project Still Without Occupation Certificate
HRERA noted that more than a decade after the booking, the project had neither obtained an OC nor offered possession. The authority held the promoter responsible for violating Section 11(4)(a) of the Real Estate (Regulation and Development) Act, 2016.
Claims relating to compensation for harassment and litigation costs will be considered separately by the adjudicating officer.
Why It Matters
The order reinforces that prolonged possession delays can result in substantial financial liability for developers. For homebuyers, the ruling highlights the importance of checking the promised possession date and pursuing delayed-possession interest under RERA.
Grihik Takeaway: If a developer fails to deliver a home within the agreed timeline, buyers may have a right to claim interest for the delay. Keeping the buyer agreement, payment records and possession-related communications can be important when pursuing a RERA claim.