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Statutory RERA Section 18 Compliant

Know what your builder owes you.

Free RERA compensation calculator — enter your payment schedule, get a tribunal-ready interest computation in seconds. Supporting all Indian states and union territories.

How it works

Three inputs, one clear number.

Indian homebuyers are legally entitled to SBI MCLR + 2% interest on every rupee paid when possession is delayed. This calculator makes that arithmetic transparent.

1

Enter your details

Select your state RERA authority, enter the promised possession date, and add your payment schedule — lump sum or per-instalment.

2

Review the breakdown

See interest computed per instalment with the correct rate for your state.

3

Download the report

Export a PDF computation sheet you can attach to a RERA complaint, legal notice, or tribunal filing — no spreadsheet required.

State Coverage

All Indian states & union territories.

Each preset uses the correct MCLR spread published by that state's RERA authority.

Legal Tools

Free legal templates for homebuyers.

Download professionally formatted, RERA-compliant legal documents — fill in your details and download as Word or PDF.

RERA Resources

Understand RERA before you claim.

Comprehensive guides on the RERA Act, how to verify registration, and what "RERA approved" really means.

What is RERA compensation for delayed possession?

Under Section 18 of the Real Estate (Regulation and Development) Act, 2016, if a builder fails to hand over possession by the date specified in the Agreement for Sale, the homebuyer is entitled to monthly interest compensation at the prescribed rate — typically SBI's 1-year Marginal Cost of Lending Rate plus 2 percentage points — on the entire amount paid.

The interest is simple interest in most states (MahaRERA, HRERA, UP RERA, K-RERA). The rate is locked to the state authority where the project is registered. Buyers can also choose a full refund with interest instead of waiting for possession.

The Supreme Court, in Newtech Promoters vs State of UP (2021), affirmed that an allottee who wishes to withdraw from a delayed project has an unqualified statutory right under Section 18 to a refund with prescribed interest.

For a comprehensive explanation of your rights — including how much RERA compensation you can claim, how to file a complaint, state-wise rules, and key Supreme Court judgments — read our complete guide to RERA compensation for delay in possession.