Ocean Seven Buildtech told to pay delay interest to 12 Expressway Towers buyers

The Haryana Real Estate Regulatory Authority (Haryana RERA) has directed Ocean Seven Buildtech Pvt. Ltd. to pay delayed-possession interest to 12 allottees of its Expressway Towers project in Sector 109, Gurugram. The order was reported on 23 October 2026. Delayed-possession interest is the compensation a developer pays a buyer for the period a flat is handed over after the date promised in the agreement.

The authority said the order addresses prolonged delays in completing the housing project and handing over flats to buyers. It said the action reinforces a developer's responsibility to compensate homebuyers when possession is delayed beyond the applicable timelines. The amount payable, the interest rate and the period for compliance are not stated in the reported summary of the order, so buyers should not assume figures from other orders apply here.

Background of the project

Expressway Towers, also written as OSB Expressway Towers, is an affordable group housing colony on 7.5 acres in village Baburpur, Sector 109, near the Dwarka Expressway. The project's Department of Town and Country Planning (DTCP) licence, No. 6 of 2016, was granted on 16 June 2016, and building plans were approved on 26 September 2016. The licence was valid until 15 June 2021, and DTCP has said it was not validly renewed.

Allotment letters were issued in May 2017 and builder-buyer agreements were signed in 2018 under the Affordable Housing Scheme. The promised possession date was 30 May 2022. As of early 2025, about 60 to 65 per cent of construction was reported complete, with 90 per cent of payments collected from around 1,100 families. The Expressway Towers Gurgaon Buyers Association says it represents 1,089 allottees.

Licence cancellation and enforcement

On 7 August 2026 the Haryana Town and Country Planning Department cancelled the project's licence under Section 8 of the Haryana Development and Regulation of Urban Areas Act, 1975. Reports said that under the cancellation the land and building are deemed to vest with the government. No timeline for any takeover of the project was found.

Separately, on 14 October 2026 the Enforcement Directorate (ED) provisionally attached assets worth ₹136.42 crore belonging to the company, its promoter Swaraj Singh Yadav and his wife, in an alleged homebuyer fraud and money laundering case. The ED arrested Yadav, described as the company's managing director, on 13 November 2025. These are allegations under investigation. Under the Prevention of Money Laundering Act (PMLA), attachment proceedings continue.

Earlier Haryana RERA orders in the same project have also directed interest payments to buyers, including one in August 2024 covering 15 buyers and one in May 2025 covering a single buyer. Each applies only to the buyers named in it. Reports said buyers in the project are looking at another developer, and that the applicable Rule 19 process could allow a third-party developer to take the project forward.

What buyers and the developer must do next

No compliance deadline, appeal date or next hearing date for the 12-buyer order has been reported. Buyers covered by the order should obtain the written order from the authority, check the amount, interest rate and payment timeline it sets, and keep their allotment letters, agreements and payment receipts in order.

Buyers in the project who are not named in the order should check whether their own complaints are pending before the authority. The developer is required to comply with the order within the timeline the authority sets. Until the licence question and the ED proceedings are settled, buyers should watch the authority's orders and the state's decision on the project's future.