RERA Interest
Interest for Delay Under RERA – Get What You’re Owed
Builders Delayed Possession? Claim Monthly Interest Through RERA
Are you still waiting for your dream home, even after making full or partial payments years ago? The Real Estate (Regulation and Development) Act, 2016 (RERA) gives you the power to claim monthly interest from the builder for every single day of delay.
With ReraLawyers, you don’t just wait — you claim your dues. Our expert RERA legal team helps you file a complaint and recover the interest amount legally, quickly, and effectively.
What is Interest Under RERA?
Under Section 18(1)(b) of the RERA Act, if the builder delays possession but the buyer chooses not to withdraw from the project, the buyer is entitled to monthly interest on the amount paid.
This interest is not a favor — it’s your legal right.
How is Interest Calculated?
The rate of interest under RERA is typically:
SBI’s highest marginal cost lending rate (MCLR) + 2%
This rate is compounded monthly on the total amount paid by the buyer. So the longer the delay, the higher the interest payout.
💡 For example:
If you paid ₹50 lakhs and your project is delayed by 2 years, you could be entitled to ₹4–6 lakhs or more as interest.
Legal Provision: Section 18(1)(b) of the RERA Act
“If the allottee does not intend to withdraw from the project, he shall be paid, by the promoter, interest for every month of delay till the handing over of possession.”
This clause makes it clear — whether you stay in the project or not, you are entitled to compensation for the time lost.
When Can You Claim Interest?
You can claim interest under RERA in the following situations:
- 🕒 Delay in Possession beyond agreed date
- ❌ Project Halted or Stalled
- 🏗️ Construction Progress is Unreasonably Slow
- 🚫 No Occupancy Certificate issued at the time of possession
- 📝 Builder Breach of Terms or Non-performance
How ReraLawyers Helps You Claim Interest
At ReraLawyers, we know the ins and outs of RERA tribunals across India. Our team ensures your complaint is well-drafted, documented, and presented with maximum impact.
Our 5-Step Process:
Documents Required to File for Interest
- Builder-Buyer Agreement
- Payment Receipts / Bank Statements
- Booking Letter / Allotment Letter
- Promised Possession Date (in writing)
- Communication with Builder (emails, WhatsApp, letters)
- Site visit photos or progress updates (if available)
We guide you at every step — from paperwork to payout.
🥇 Why Choose ReraLawyers?
- ✅ 1000+ Successful RERA Interest Claims
- ✅ Specialists in Possession, Refund & Compensation
- ✅ PAN India Legal Support
- ✅ Expert RERA Lawyers & Legal Advisors
- ✅ Affordable Legal Fees, No Hidden Costs
- ✅ Fast Filing, Constant Updates & Follow-Through
Your time is valuable. Don’t let delays go unpunished — get compensated.
📞 Talk to a RERA Expert Today
Still waiting for possession? Don’t wait empty-handed. File your RERA complaint for interest today and start recovering your money.
📞 Call Now: [Your Contact Number]
📧 Email: [Your Email]
🌐 Visit: https://www.reralawyer.in
ReraLawyers – Experts in RERA Refund, Possession, Interest & Compensation
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What is RERA interest for delay in possession?
Under RERA, if a builder delays handing over possession, the buyer is entitled to monthly interest on the paid amount. This is a legal right and not subject to the builder’s discretion.
What is the rate of interest under RERA?
The standard interest rate under RERA is SBI MCLR + 2%, which is paid to the buyer for every month of delay until possession or refund is granted.
How do I claim interest under RERA?
You can file a complaint with the RERA authority in your state. ReraLawyers assists you with complaint drafting, document preparation, and full legal representation to ensure maximum recovery.
Can I claim interest without cancelling my booking?
Yes, you can continue with the property and still claim interest for delayed possession. You do not need to cancel your flat to be eligible for delay compensation.
Is interest applicable if the builder is offering late possession?
Yes. Even if the builder offers late possession, you can still claim interest for every month of delay from the original possession date.
Can I claim both interest and compensation under RERA?
Absolutely. Along with interest, you can claim compensation for rental expenses, mental harassment, or financial losses caused by the delay.
How long does it take to get interest once the RERA complaint is filed?
Most RERA authorities resolve interest complaints within 60–90 days. ReraLawyers ensures speedy follow-ups and professional handling for quicker relief.