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K-RERA delay compensation & interest, calculated.
Estimate your Karnataka RERA compensation — simple interest at SBI MCLR + 2% under Section 18 of the RERA Act.
Interest is calculated using a simple interest formula, which is the standard across most RERA tribunals.
Based on SBI Highest MCLR + 2% (MCLR 8.80% + Spread 2.00%).
File complaints at rera.karnataka.gov.in. Keep your Agreement for Sale and payment receipts ready.
Calculate your RERA compensation.
Find out the interest receivable or payable for delayed real estate possession, calibrated to state-specific SBI MCLR guidelines.
This calculator provides indicative estimates based on statutory formulas prescribed under Sections 18 and 19 of the Real Estate (Regulation and Development) Act, 2016 and prevailing State RERA Rules. Actual compensation awards, interest accruals, and refund entitlements remain subject to individual agreement terms, documented milestone payment records, regulatory force majeure determinations, and judicial adjudication by the competent RERA Authority or Adjudicating Officer. Outputs generated do not constitute formal legal advice or binding financial certifications. Homebuyers and promoters should consult a qualified RERA advocate or legal counsel for case-specific representation.
Interest is calculated from the Promised Possession Date (or payment date if paid later).
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Rate last verified: 15 July 2026 · Highest MCLR (3-Year): 8.80% + 2.00% statutory spread
Financial Analytics
Calculation breakdown
| Description | Amount (₹) | Dates / Duration | Interest Amount (₹) |
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Sources & Methodology — K-RERA
Official statutory notification establishing the interest spread and compensation mandate for Karnataka.
View Gazette / Official SourceKey judicial authority confirming the regulatory jurisdiction, interest rate benchmark, and allottee remedies under Section 18.
Derived from State Bank of India's published MCLR schedule effective 15 July 2026 (SBI Highest MCLR: 8.80%).
Computed strictly on actual consideration paid by the allottee (excluding government stamp duty and taxes), apportioned per day.
RERA Legal FAQ
Expert answers to central & state RERA compensation questions
Common Questions
Legal Disclaimer: These responses are for informative purposes only. RERA decisions depend heavily on state authorities and contract specific terms.
Report a calculation bug.
RERA rules and SBI MCLR rates are updated periodically. If you notice a calculation discrepancy, a state-specific rule change, or a layout issue, please submit the details here.
K-RERA Delay Interest — How It Works
K-RERA — the Karnataka Real Estate Regulatory Authority — oversees thousands of projects across Bengaluru, Mysuru, Mangaluru, and other Karnataka cities. K-RERA applies simple interest at SBI MCLR + 2% per annum, apportioned to the day for outstanding payment balances. Bengaluru's rapid growth has made K-RERA one of the busiest state RERA authorities. The authority has been particularly active in the East Bengaluru (Whitefield, Sarjapur Road) and North Bengaluru (Hebbal, Devanahalli) corridors where large-scale projects have faced multi-year delays. K-RERA enforces the parity principle strictly — the rate a builder charges a buyer for late milestone payments must be identical to the rate the builder pays for delayed possession. Several key orders have directed builders to refund the differential where builders charged 18–24% for buyer delays but offered only 2–3% for their own delays. File complaints at rera.karnataka.gov.in with a ₹1,000 fee. This calculator defaults to simple interest matching central rules, which is the standard methodology in recent orders.Frequently Asked Questions — K-RERA
How does K-RERA calculate delay interest?
K-RERA applies simple interest at SBI Highest MCLR + 2% per annum, following central guidelines.
Does K-RERA cover Bengaluru projects?
Yes. All RERA-registered projects across Karnataka — including Bengaluru, Mysuru, Mangaluru, and Hubli-Dharwad — fall under K-RERA's jurisdiction. Complaints are heard at the K-RERA office in Bengaluru.
What is the parity principle under K-RERA?
Section 2(za) of the RERA Act mandates that the interest rate must be identical for both buyer and builder. If a builder charges SBI MCLR + 2% for buyer payment delays, they must compensate buyers at the same rate for possession delays. K-RERA strictly enforces this.