'Receiving OC wouldn't absolve developer from paying interest'

Mere receiving an Occupation Certificate wouldn't absolve a developer from paying interest to the home buyer if there's a delay in handing over possession. A building had received the Occupation Certificate, even before the home buyer went ahead with his complaint to the Maharashtra Real Estate Regulatory Authority (MahaRERA) for the delay in possession. The builder argued that he had the Occupation Certificate, but the authority held that the developer's Occupation Certificate came after the date of possession mentioned in the agreement and finally the home buyer was awarded interest for delay in possession.

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