MahaRERA Limits Delay Interest to OC Date in Pune Case

What actually happened?

A Pune flat buyer moved MahaRERA seeking interest for delayed possession under Section 18 of the RERA Act.

The regulator directed the developer to pay interest but set a crucial boundary: the calculation stops at the date the project received its Occupation Certificate (OC).

This differs from the common expectation that interest runs until the physical handover of keys.

• Developer: Riverview City Constructions.
• Project: Falcon Towers, Pune.
• Order date: August 19, 2026.

What it means for buyers

For buyers in delayed projects, this ruling sharpens the focus on the OC date as a key financial milestone.

Interest compensation for delay is not open-ended; it is tied to when the building is legally certified for occupancy.

Buyers should document all communication about handover dates and understand the statutory timeline for OCs.

• Track your project's OC application and approval dates.
• Delay interest claims may have a fixed end-point.
• Clarify handover terms relative to the OC in your agreement.

What to watch next

This order sets a clear precedent for how MahaRERA will calculate interest in similar possession delay cases across Maharashtra.

Developers will need to manage OC timelines more precisely, as it now directly impacts their potential liability.

Buyers and their advocates will likely cite this case in future disputes to define the interest period.