The expression “complete” as mentioned in Section 18 of RERA, for interest calculation, is the date of completion initially declared to the allottee by the promoter and not the subsequent date disclosed while seeking extension of registration of the project – Gorakhpur Development Authority Vs. Kamla Chaurasiya – Uttar Pradesh REAT

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The Uttar Pradesh REAT held that:
(i) The subsequent extension of the registration granted to the promoter has no co-relation for computation of delay interest.
(ii) The expression “complete” as mentioned in Section 18, is the date of completion initially declared to the allottee by the promoter and not the subsequent date disclosed while seeking extension of registration of the project.

The expression “complete” as mentioned in Section 18 of RERA, for interest calculation, is the date of completion initially declared to the allottee by the promoter and not the subsequent date disclosed while seeking extension of registration of the project – Gorakhpur Development Authority Vs. Kamla Chaurasiya – Uttar Pradesh REAT Read Post »