RERA Delayed Possession & Interest Calculator | Section 18 Guide | Bharat Samvidhan

Calculate refund values and monthly delay compensation under Section 18 of RERA. Get estimated interest at SBI MCLR + 2% for delayed flats.

REAL ESTATE REGULATION ACT (RERA)
RERA Delayed Possession Calculator
Under Section 18 of the RERA Act, homebuyers are entitled to refunds with interest, or monthly compensation for delayed possession. Calculate your claims below.
Input Details
Total Amount Paid to Builder (₹)
setAmountPaid(e.target.value)} required />
Promised Possession Date
setPromisedDate(e.target.value)} required />
Actual/Target Date
setActualDate(e.target.value)} required />
RERA Interest Rate (% per annum)
setInterestRate(e.target.value)} required />
Note: Statutory rate is usually **SBI MCLR + 2%** (currently averages around 10.25% - 10.75% across most states).
Calculate Compensation
Reset
Calculation Summary
months).
Option A: Complete Withdrawal (Refund)
Principal Amount Paid
₹
Interest Component (%)
₹
Total Refund Due
₹
Option B: Hold Possession (Monthly Payout)
Monthly Interest Due
₹ / month
Total Monthly Interest Owed
₹
Legal Action under RERA
If the builder refuses to pay, you can file a formal complaint under **Section 31 of the RERA Act** with your State Authority (Form M / Form N).
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RERA Section 18 Guidelines
Q1: Can I claim a refund if the project does not have RERA registration?
No, RERA provisions apply only to projects registered with the State RERA Authority. For unregistered projects, you must file a lawsuit or consumer complaint under the Consumer Protection Act, 2019.
Q2: Within how many days must the builder refund the amount?
As per RERA regulations, if the homebuyer decides to withdraw from the project, the promoter/builder is bound to return the amount along with interest within **45 days** from the date the refund becomes due.
Q3: How does RERA calculate the SBI MCLR rate?
Under state RERA rules, the benchmark rate is the **State Bank of India Highest Marginal Cost of Lending Rate (MCLR)** plus 2% per annum, calculated as simple interest.