chennai that a homebuyer is eligible to claim compensation for delay in handing over of property is known but can he she seek compensation for the interest paid on home loans and for appreciated value of an unfinished project a recent order by the tamil nadu real estate regulatory authority tnrera says nothe states real estate regulator has rejected a plea in this regard the homebuyer was however awarded usual compensation as per the real estate act provisionsthe case relates to a housing project executed by canara bank officers union to four homebuyers at madukkarai in the suburbs of coimbatore in a recent order g saravanan adjudicating officer of tnrera said the complainants entered into agreements of sale and construction separately on august 1 2013 with the developer for the project named grand hills apartmentscbou enclavethe developer had agreed to complete construction and handover the apartments within two years from the date of agreement till date the flats have not been handed over buyers have been put to loss and hardship as they have availed home loans the order said therefore the complainants are entitled to get compensation for the delay it addedthe realty regulator however refused to entertain a plea from the complainants seeking compensation for payment of interest for the home loans in view of appreciation of the value of the property the complainants cannot claim compensation for payment of interest on home loans availed for purchase of flats hence the claims for compensation on interest payment on home loans are rejected the order saidfurther the authority refused to fix rs 12500 as rental loss per month for a period of four years the homebuyers sought in the absence of evidence on rental rate rs 10000 per month is reasonable the complainant is entitled for compensation of rs 480 lakh and rs 20000 as litigation expenses the tnrera said the order added that the developer must pay the compensation within 60 days