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Odisha RERA delay compensation & interest, calculated.
Estimate your Odisha 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.odisha.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 — Odisha RERA
Official statutory notification establishing the interest spread and compensation mandate for Odisha.
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.
Odisha RERA Delay Interest — How It Works
Odisha RERA regulates real estate projects across Bhubaneswar, Cuttack, Puri, Rourkela, and the rest of the state. Under Odisha RERA's framework, delay interest is calculated as simple interest at SBI Highest MCLR + 2% per annum, running from the committed possession date in the Agreement for Sale. Complaints can be filed online at rera.odisha.gov.in with a filing fee of ₹5,000. The Bhubaneswar-Cuttack twin city region is the primary real estate market in Odisha, and the Authority has been active in ensuring builder compliance in this corridor. Under Section 18 of the RERA Act, any delay beyond the committed possession date entitles the buyer to interest compensation. Odisha RERA follows the central RERA Act provisions, including the parity principle — the rate of interest charged to a buyer for late payment must be identical to the rate the builder pays for delayed possession. The Supreme Court's 2021 ruling in Newtech Promoters vs State of UP has strengthened buyer rights across all states including Odisha. Use this calculator to estimate your Odisha RERA delay interest. Enter your property value, select the promised and actual possession dates, and get your computation sheet.Frequently Asked Questions — Odisha RERA
How is Odisha RERA delay interest calculated?
Odisha RERA prescribes simple interest at SBI Highest MCLR + 2% per annum (currently approximately 10.80% p.a.) on the total amount paid by the buyer. Interest runs from the committed possession date until actual handover.
What is the filing fee for an Odisha RERA complaint?
Filing a complaint with Odisha RERA costs ₹5,000, payable through the online portal at rera.odisha.gov.in. You'll need your Agreement for Sale, payment receipts, and builder correspondence.
Does Odisha RERA cover projects in Bhubaneswar Smart City areas?
Yes. Odisha RERA covers all registered real estate projects across the state, including those in Bhubaneswar Smart City development zones, Cuttack, and other urban areas.