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MP RERA delay compensation & interest, calculated.
Estimate your Madhya Pradesh 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.mp.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 — MP RERA
Official statutory notification establishing the interest spread and compensation mandate for Madhya Pradesh.
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.
MP RERA Delay Interest — How It Works
Madhya Pradesh RERA oversees real estate projects across Bhopal, Indore, Jabalpur, Gwalior, and the rest of the state. Under MP RERA's framework, delay interest is calculated as simple interest at SBI MCLR (1-year) + 2% per annum, running from the committed possession date in the registered Agreement for Sale. Complaints can be filed online at rera.mp.gov.in with a filing fee of ₹5,000. The Madhya Pradesh RERA Authority has been increasingly active in enforcing builder compliance, particularly in the rapidly growing Indore and Bhopal markets where project delays have been common. The Authority strictly considers the date mentioned in the registered Agreement for Sale as the binding possession date. Under Section 18 of the RERA Act, 2016, supported by the Supreme Court's ruling in Newtech Promoters vs State of UP (2021) affirming the statutory rights of allottees in delayed projects, buyers are entitled to statutory remedies including delay interest or refund. Non-compliance with Authority orders attracts a daily penalty cumulatively extending up to 5% of estimated project cost under Section 63, and continued defiance of Appellate Tribunal orders can result in imprisonment up to 3 years and/or a fine cumulatively up to 10% under Section 64. Use this calculator to estimate your MP RERA delay interest. Enter your property value, promised and actual possession dates, and payment details for a precise computation sheet.Frequently Asked Questions — MP RERA
How is MP RERA delay interest calculated?
MP RERA prescribes simple interest at SBI MCLR (1-year) + 2% per annum. As of 2025–26, this works out to approximately 10.70% per annum. Interest runs from the committed possession date in the registered Agreement for Sale until actual handover or refund.
How do I file a complaint with MP RERA?
File online at rera.mp.gov.in under the 'Complaint' section with a ₹5,000 fee. Attach your Agreement for Sale, payment receipts, and builder correspondence. Complaints are heard by the Adjudicating Officer for compensation matters.
Which cities does MP RERA cover?
MP RERA covers all registered real estate projects across Madhya Pradesh, including Bhopal, Indore, Jabalpur, Gwalior, Ujjain, and all other districts. All promoters must register projects with RERA before advertising or selling.