My flat in Kasa isles Noida is rejistered UPRERAPRJ3843 ongoing. Start date 13jul2010 , end date 31mar2020.

Q: Completion date was Dec2013 with delay penalty of Rs 5 sq ft. Am I eligible for interest from the builder as penalty for delay as per RERA?

SANJAY MISHRA,

1st August 2017

Legal in Noida

rera

penalty for delay

casa isles noida

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Yes, you are liable to get interest from the builder as penalty for delay at the rate of 10% of the estimated cost. Take the advice of a legal expert on this matter, he will guide you in a proper manner.

Kanika Kumari, Ghaziabad

2nd August 2017

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Hi Sanjay,
In case, builder of any project in any state or UT not adhering to the rules, the builder stands not only to lose the registration of the project too but may also be punishable by imprisonment for a term which may extend up to 3 yrs or with fine which may extend up to a further 10% of the estimated cost of the real estate project, or both.

ankurrajput, Delhi

2nd August 2017

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