How is RERA penalty calculated for delay in possession?

Under RERA, the builder must pay interest at the SBI MCLR rate on the amount paid by the buyer for every month of delay in possession.

What is the current SBI MCLR rate for RERA compensation?

The SBI 1-year MCLR rate is used as the benchmark for calculating RERA delay compensation. Check SBI's official website for the current rate.

Can I claim RERA compensation if my builder delayed possession?

Yes. If your builder has delayed possession beyond the date mentioned in your sale agreement, you are entitled to compensation under Section 18 of the RERA Act.

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Template RERA Section 18

Notice of delay letter to builder.

Fill in your details below to generate a professionally formatted legal notice under Section 18 of the RERA Act, 2016. Download as Word or PDF — free, instant, no sign-up.

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Download with placeholder fields like [Your Name], [Builder's Company Name] etc. Fill in manually after downloading.

Fill in your details

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Your Details (Sender)

Full Name *

Phone

Address *

Builder / Developer Details

Company Name *

Designation

Registered Office Address *

Project & Unit Details

Project Name *

RERA Reg. Number

Project Location *

Unit / Flat No. *

Agreement & Financial Details

Booking Date *

Agreement for Sale Date *

Promised Possession Date *

Agreement Clause No.

Total Consideration (₹) *

Amount Paid (₹) *

Relief Sought

Possession with Interest

Demand immediate possession along with interest for every month of delay as per RERA guidelines.

Full Refund with Interest

Withdraw from the project and demand refund of the entire amount paid along with interest and compensation.

Compliance Deadline (days)

Notice Date

Advocate Details (Optional)

If sending through a lawyer, fill in their details. The letter will be worded as "on behalf of my client."

Advocate Name

Enrollment No.

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Important

After you download the letter.

Get it reviewed

Have the notice reviewed by a qualified RERA advocate. A notice on a lawyer's letterhead carries significantly more weight.

Send via Registered Post A.D.

Always send by Registered Post with Acknowledgement Due or Speed Post. Retain the postal receipt and tracking report as proof of delivery.

Wait for the deadline

Give the builder the full compliance period (15 days). If they don't respond or refuse your claim, you can proceed with a formal RERA complaint.

File a RERA complaint

File Form 'M' (or your state's equivalent) on your state's RERA portal. Attach the notice, postal receipt, agreement, and payment receipts.

Disclaimer: This template is provided for informational and educational purposes only. It does not constitute legal advice. The format has been prepared based on general legal practice under Section 18 of the Real Estate (Regulation and Development) Act, 2016. Users are strongly advised to consult a qualified legal professional before sending any legal notice. The accuracy, completeness, and applicability of this template to your specific circumstances cannot be guaranteed. BuilderDelay.in and its operators bear no liability for any consequences arising from the use of this template.