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Punjab RERA delay compensation & interest, calculated.
Estimate your Punjab 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.punjab.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 — Punjab RERA
Official statutory notification establishing the interest spread and compensation mandate for Punjab.
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.
Punjab RERA Delay Interest — How It Works
Punjab RERA oversees real estate projects in Mohali, Ludhiana, Amritsar, Jalandhar, and across the state. Under Punjab RERA's framework, delay interest is calculated as simple interest at SBI Highest MCLR + 2% per annum, applicable from the committed possession date in the registered Agreement for Sale. Complaints can be filed online at rera.punjab.gov.in with a filing fee of ₹5,000. Punjab RERA has been active in addressing builder delays, particularly in the Mohali-Zirakpur-Kharar belt near Chandigarh, which has seen significant real estate development and associated delays. Punjab's proximity to the Chandigarh Tricity region makes it a key market for residential real estate. The Authority enforces Section 18 rights strictly and has issued multiple orders directing builders to pay interest compensation. Non-compliance with Authority orders attracts a daily penalty cumulatively extending up to 5% of estimated project cost under Section 63. Continued defiance of Appellate Tribunal orders can result in imprisonment up to 3 years and a fine cumulatively extending up to 10% of estimated project cost under Section 64. Use this calculator to estimate your Punjab RERA delay interest. Enter your property value, promised and actual possession dates, and payment schedule for a precise computation sheet.Frequently Asked Questions — Punjab RERA
How is Punjab RERA delay interest calculated?
Punjab RERA prescribes simple interest at SBI Highest MCLR + 2% per annum (currently approximately 10.80% p.a.). Interest runs from the committed possession date in the Agreement for Sale until actual handover or refund.
How do I file a Punjab RERA complaint?
File online at rera.punjab.gov.in with a ₹5,000 filing fee. Attach your Agreement for Sale, payment receipts, and builder correspondence. The complaint is heard by the Punjab RERA Authority or the Adjudicating Officer for compensation claims.
Does Punjab RERA cover projects near Chandigarh?
Yes. Punjab RERA covers all registered projects in Punjab, including Mohali, Zirakpur, Kharar, and other areas in the Chandigarh Tricity belt that fall within Punjab's jurisdiction. Projects in Chandigarh UT itself fall under Chandigarh RERA.