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MahaRERA delay compensation & interest, calculated.
Estimate your Maharashtra 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 maharera.maharashtra.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 — MahaRERA
Official statutory notification establishing the interest spread and compensation mandate for Maharashtra.
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.
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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.
MahaRERA Delay Interest — How It Works
MahaRERA — the Maharashtra Real Estate Regulatory Authority — is one of India's most active RERA bodies, overseeing more than 40,000 registered projects across Mumbai, Pune, Thane, Nagpur, and the rest of the state. Under MahaRERA's framework, delay interest is calculated as simple interest at SBI Highest MCLR + 2% per annum, running from the committed possession date in the registered Agreement for Sale. Complaints can be filed online at maharera.maharashtra.gov.in with a filing fee of ₹5,000. MahaRERA decisions are typically rendered within 60–90 days. The authority strictly considers the date in the registered Agreement for Sale as the binding possession date — verbal assurances or marketing brochures carry no legal weight. If a builder fails to comply with a MahaRERA order, the buyer can apply for a Recovery Certificate enforceable through the District Collector under Section 40. Non-compliance with Authority orders attracts a daily penalty cumulatively extending up to 5% of estimated project cost under Section 63, and non-compliance with Appellate Tribunal orders can result in imprisonment up to 3 years and/or a daily fine cumulatively up to 10% under Section 64. Key rulings like Neelkamal Realtors vs. UoI (2017) have upheld MahaRERA's constitutional validity and the buyer's absolute right to interest compensation. Use this calculator to estimate your MahaRERA delay interest. Enter your property value, select the promised and actual possession dates, and optionally add per-instalment payment details for a precise computation.Frequently Asked Questions — MahaRERA
How is MahaRERA delay interest calculated?
MahaRERA prescribes simple interest at SBI Highest MCLR + 2% per annum. As of 2025–26, this works out to approximately 10.80% 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 MahaRERA complaint for builder delay?
File online at maharera.maharashtra.gov.in under 'Complaint Filing' with a ₹5,000 fee. Attach your Agreement for Sale, payment receipts, and builder correspondence. Decisions are typically rendered in 60–90 days.
Can MahaRERA order imprisonment for non-compliant builders?
Under Section 63 of the RERA Act, non-compliance with MahaRERA Authority orders attracts a daily penalty for every day of default, which can cumulatively extend up to 5% of the estimated project cost. For non-compliance with Appellate Tribunal orders, Section 64 prescribes imprisonment for up to 3 years and/or a daily fine cumulatively extending up to 10% of the estimated project cost.