India, Dec. 5 -- The Maharashtra Real Estate Appellate Tribunal (MREAT) has directed Marathon Group's Sanvo Resorts Pvt Ltd to pay interest to a homebuyer for the delayed possession of an apartment in its Marathon Nextzone project in Panvel, near the upcoming Navi Mumbai International Airport (NMIA).

In its response to queries from HT Real Estate, the developer said the order does not reflect the full facts of the case and that it will challenge the decision before the Bombay High Court. Marathon Group added that the delay in obtaining the occupation certificate (OC) was due to factors "completely beyond its control."

In a sharply worded ruling, the MREAT observed that the developer's "greed" to add floors above the sanctioned 27th leve...