Disclaimer: This calculator provides indicative estimates only based on the RERA Act 2016 (SBI 1-year MCLR + spread per Section 18/19). Calculations cover both builder-delay compensation and buyer late-payment interest scenarios provided the input dates and amounts are entered correctly. Actual awards are determined by the respective State RERA Authority / Adjudicating Officer / RERA Tribunal after reviewing case-specific facts and documentation. Results do not constitute legal advice. Always verify the current SBI MCLR at sbi.co.in before relying on figures, as base rates change periodically. State-specific rules may vary — most state authorities apply simple interest as the standard method, though individual tribunal orders may differ based on case-specific facts. Interest applies only on amounts actually paid, not on the total agreement value. RERA protections apply to projects registered under the respective State RERA. Projects completed before RERA's commencement (May 2017), land/plot-only transactions, and projects exempt from registration are outside this tool's scope. Force Majeure extensions formally granted by the competent RERA Authority may exclude interest for the approved period. Tax liability on any RERA compensation received is subject to applicable income-tax provisions; consult a tax advisor. Calculator computations run entirely client-side in your browser; optional bug reports and contact inquiries collect only the details you explicitly submit (see Privacy Policy). MCLR sync status is informational — verify independently. Consult a qualified RERA advocate or your State RERA portal before filing any complaint or demand notice.
Builder DELAY