Sportsville Flat Possession Delayed: MahaRERA Orders Promoter to Pay Interest to Pune Homebuyers
Pune, 26th July 2026: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed Yellowstone Skyscrapers LLP, promoter of the Sportsville project, to pay statutory interest to two homebuyers over delays in handing over three flats with occupancy certificates.
MahaRERA Chairperson Manoj Saunik allowed three complaints filed by Deependra Manohar Dornal and Ishtdeep Singh Hora in an order dated July 23. The matters were heard on July 15 and subsequently reserved for orders.
Dornal had filed complaints concerning flats 1305 and 1306 on the 13th floor of Tower 4, while Hora’s complaint concerned Flat 404 on the fourth floor of Tower 1. Each flat also included a parking space.
The agreements for Dornal’s two flats were registered on March 22, 2022, while Hora’s agreement was registered on December 1, 2021. The total consideration recorded for the three flats was ₹50.85 lakh, ₹35.03 lakh and ₹62.71 lakh, respectively.
Under the registered agreements for sale, possession of all three flats was to be handed over by December 31, 2025. However, the promoter failed to provide possession with an occupancy certificate by the agreed date.
According to the order, the project’s original proposed completion date on the MahaRERA registration webpage was December 31, 2025, which was subsequently revised to December 30, 2026. The occupancy certificate had not been issued when the complaints were decided.
The homebuyers told the authority that the promoter had informed them through email that the possession deadline had been unilaterally revised to April 1, 2026, citing external infrastructure work and statutory dependencies. However, they said even that date passed without the occupancy certificate being issued or lawful possession being offered.
The complainants sought interest for the delay from January 1, 2026 until possession was handed over with the occupancy certificate. They had alternatively sought a refund with interest if the promoter was unable or unwilling to compensate them.
Hora had specifically sought delay compensation at 11% per annum. The final order, however, granted interest at the statutory rate prescribed under Rule 18 of the Maharashtra Real Estate Rules, 2017.
The promoter argued that all construction work, infrastructure, amenities and utilities had been completed according to the sanctioned plans. It said an application for the occupancy certificate was submitted to the competent planning authority on December 16, 2025, but remained pending because of administrative processing beyond its control.
Yellowstone Skyscrapers LLP denied any wilful or intentional delay and maintained that the project was physically complete and ready for occupation. It undertook to offer possession immediately after receiving the occupancy certificate and sought the dismissal of the complaints.
MahaRERA, however, observed that the contractual possession deadline had expired and no occupancy or completion certificate for the flats had been uploaded on the project registration webpage.
“The agreed date of possession recorded in all the respective registered agreements has lapsed,” the authority observed, holding that there was a delay on the promoter’s part in handing over the flats with occupancy certificates.
The authority ruled that the buyers were entitled to relief under Section 18 of the Real Estate (Regulation and Development) Act, 2016.
The promoter has been directed to pay interest from January 1, 2026 until the actual handover of possession with the occupancy certificate. The interest will be calculated on the amount received by the promoter towards the cost of each flat.
Amounts paid towards taxes, stamp duty, registration fees and other charges deposited with statutory authorities will be excluded from the interest calculation.
MahaRERA directed that the accumulated interest first be adjusted against any outstanding amount payable by the buyers towards the cost of their respective flats. The remaining interest must be paid to each complainant in a single instalment within 60 days of the order.
Any further interest accruing until the actual handover of possession must be paid in a single instalment within 30 days after possession is handed over with the occupancy certificate.
The authority also ruled that the promoter was not entitled to claim the benefit of the moratorium periods granted through MahaRERA notifications and orders issued in 2020 and 2021. No order was passed regarding costs.
