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compensation the respondents/ complainants is entitled to.

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Section 4(2)(l)(c) enables the promoter to revise the date of completion of project and hand over possession. The provisions of RERA, however, do not rewrite the clause of completion or handing over possession in agreement for sale. Section 4(2)(l)(c) enables the promoter to give fresh time line independent of the time period stipulated in the agreements for sale entered into between him and the allottees so that he is not visited with penal consequences laid down under RERA. In other words, by giving opportunity to the promoter to prescribe fresh time line under Section 4(2)(l)(c) he is not absolved of liability under the agreement for sale. Section 18(l)(b) lays down that if the promoter fails to complete or is unable to give possession of an apartment due to discontinuance of his business as a developer on account of suspension

6 * or revocation of the registration under the Act or for any other reason, he is liable on demand to the allottees, in case the allottee wishes to withdraw from the project, without prejudice in this behalf including compensation. If the allottee does not intent to withdraw from the project he shall be paid by the promoter interest for every month's delay till handing over of the possession. The requirement to pay interest is not a penalty as the payment of interest is compensatory in nature in the light of the delay suffered by the allottee who has paid for his apartment but has not received possession of it. The obligation imposed on the promoter to pay interest till such time as the apartment is handed over to him is not unreasonable. The interest is merely compensation for use of money.

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“The period of Interest should close on April 2016 when the Full Occupancy Certificate was obtained as per the admission of the Respondent- Purchaser herself in Para 4(j) of the Consumer Complaint, wherein she has admitted that the Appellant-Builder had obtained the Completion Certificate as late as April 2016. The Respondent - Purchaser could not have any further grievance after April 2016 with respect to delay in handing over possession. The Respondent-Purchaser ought not to be allowed to reap the benefits of her own delay in taking possession”. CJXI "idk R wr qRIci t Rb IVJHI 3 R)d +<t cj5t SfcfRr VJH^ ^ MR^ ^ PTRT clef) ajSjcfT 0MI 3TFM Rf)JIUMI, MR4)VJHI 3fto^to/^to#0 Rb^ dl^l 2/ 7 cfcfj cf>T RelHRRr ufr ft 00 3 ft Ft0T I 3lf$|0|^ 0^

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