MahaRERA orders Aqura Builder to pay delay interest to 4 homebuyers in Pune project

Pune, 13th September 2026: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed Aqura Builder and Developer Pvt Ltd, promoter of the Aqura Pride project at Wadgaon Budruk, to pay interest to four homebuyers for delayed possession of their flats.

The order, pronounced on September 2 by MahaRERA Member-I Mahesh Pathak, came in four complaints filed by homebuyers who had booked flats in the project registered under MahaRERA registration number P52100031863. The project is located next to the Mumbai-Bengaluru highway in Wadgaon Budruk, Haveli taluka.

The agreements for sale specified September 6, 2025, as the possession date. The buyers approached MahaRERA after the developer failed to hand over possession along with the requisite Occupation Certificate (OC). The four flats involved are 406, 505, 509 and 511 in C Wing. The amounts paid by the complainants ranged from about Rs 49.25 lakh to Rs 60.94 lakh.

The developer argued that the delay was caused by supply-chain disruptions, shortage of construction materials and labour, and circumstances arising from the prevailing war situation. It also pointed to an extension of the project’s registration up to September 30, 2026.

MahaRERA, however, granted the developer a limited four-month extension, taking the contractual possession date from September 6, 2025, to January 6, 2026. Since possession had still not been handed over by the extended date, the authority ruled that the buyers were entitled to interest from January 7, 2026, until the actual offer of possession with OC.

The interest is to be calculated on the actual amount paid towards the flat consideration, excluding stamp duty, registration charges and government taxes, at the State Bank of India’s MCLR plus 2%, as prescribed under Section 18 of RERA.

Importantly, MahaRERA has not imposed any separate monetary fine or penalty on the developer in this order. Instead, it has ordered payment of delayed-possession interest. The authority also rejected the homebuyers’ claim for separate compensation because they had chosen to remain in the project and seek possession.

The authority further directed that the developer pay the interest amount after obtaining the full Occupancy Certificate. It permitted adjustment of the interest against any outstanding consideration payable by the buyers at the time of possession. If the approximate interest exceeds the buyers’ outstanding dues, the developer is not to raise further demand for those dues.