Pune Builder Ordered to Pay ₹4.5L Interest for Delayed Possession!
Pune’s builder faces hefty interest payments for delayed handovers. RERA’s crackdown signals tough times for sellers.
Key points at a glance
- •✅ Jayashree Construction must pay SBI MCLR+2% interest from Jan‑23 until possession.
- •💸 Estimated interest payable stands at about ₹3.8 lakh for the delay period.
- •🏠 Buyers who received delayed handover can now file claims for compensation under RERA.
- •⚖️ The order highlights RERA’s strict enforcement in Maharashtra.
- •🔍 Similar cases across Pune may see increased scrutiny on builders.
Builder Penalty
Jayashree Construction – Pune Interest rate: SBI MCLR + 2% from Jan‑23 Estimated payable: ₹3.8 lakh
Location
Pune, Maharashtra Residential bungalow project in the Lonavala outskirts
Regulatory
MahaRERA enforcement order Builder must comply or face additional penalties
Want more detail?
What actually happened?
MahaRERA directed Jayashree Construction to pay interest on delayed possession 经 from Jan‑2023.
The builder had failed to hand over the finished bungalow by the promised date.
- Interest calculated at SBI MCLR + 2% per annum.
What it means for buyers
Buyers who were left waiting can now seek monetary compensation under RERA.
The order may reduce risk for future buyers by holding builders accountable.
What to watch next
Monitor if more builders in Pune face similar penalties for delayed handovers.
Track any changes in RERA guidelines that could tighten enforcement further.
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