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K-RERA (Kerala) delay compensation & interest, calculated.
Estimate your Kerala 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 1-Year MCLR + 2% (MCLR 8.70% + Spread 2.00%).
File complaints at rera.kerala.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 · 1-Year MCLR: 8.70% + 2.00% statutory spread
Financial Analytics
Calculation breakdown
| Description | Amount (₹) | Dates / Duration | Interest Amount (₹) |
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Sources & Methodology — K-RERA (Kerala)
Official statutory notification establishing the interest spread and compensation mandate for Kerala.
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 1-Year MCLR: 8.70%).
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.
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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 (Kerala) Delay Interest — How It Works
Kerala RERA (K-RERA) regulates real estate projects across Kochi, Thiruvananthapuram, Kozhikode, Thrissur, and all other districts. Under Kerala RERA's rules, delay interest is calculated as simple interest at SBI MCLR (1-year) + 2% per annum, applicable from the committed possession date in the Agreement for Sale. Complaints can be filed online at rera.kerala.gov.in with a filing fee of ₹5,000. Kerala RERA has been particularly active in the Kochi metro region, where rapid urbanization has led to numerous project delays. The Authority has issued orders requiring builders to pay interest compensation on multiple occasions. Kerala's real estate market is unique due to the state's strong NRI buyer base — many homebuyers are overseas and rely heavily on the RERA framework for protection. The Authority enforces strict compliance with agreed possession dates and penalizes builders who attempt to impose unfair contract terms that offer interest below the SBI MCLR + 2% statutory minimum. Use this calculator to estimate your Kerala RERA delay interest. Enter your property value, select the promised and actual possession dates, and get a detailed computation sheet you can attach to your RERA complaint.Frequently Asked Questions — K-RERA (Kerala)
How is Kerala RERA delay interest calculated?
Kerala RERA prescribes simple interest at SBI MCLR (1-year) + 2% per annum (currently approximately 10.70% p.a.). Interest runs from the committed possession date in the Agreement for Sale until actual handover or refund.
Where do I file a Kerala RERA complaint?
File online at rera.kerala.gov.in with a ₹5,000 filing fee. Upload your Agreement for Sale, payment receipts, and any builder correspondence. Compensation claims are heard by the Adjudicating Officer.
Can NRI buyers file Kerala RERA complaints?
Yes. NRI buyers have the same rights under RERA as resident buyers. Complaints can be filed online through the Kerala RERA portal. Many NRI buyers in Kochi and Thiruvananthapuram have successfully obtained delay interest compensation.