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WB RERA delay compensation & interest, calculated.
Estimate your West Bengal 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.wb.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 — WB RERA
Official statutory notification establishing the interest spread and compensation mandate for West Bengal.
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.
WB RERA Delay Interest — How It Works
West Bengal Real Estate Regulatory Authority (WBRERA) enforces the central RERA Act provisions across the state. Previously, the state operated under a separate law called WB-HIRA, but the Supreme Court struck it down as unconstitutional in 2021, bringing West Bengal fully under the central RERA framework. WBRERA applies interest at SBI MCLR + 2% simple interest per annum for builder delay compensation. Kolkata's real estate market — particularly the Rajarhat–New Town corridor, EM Bypass, and South Kolkata developments — falls under WBRERA regulation. The authority maintains a project database at rera.wb.gov.in. With the transition to central RERA, homebuyers in West Bengal now enjoy the same statutory protections as buyers in other states, including the parity principle — the rate a builder charges for late milestone payments must match the rate the builder pays for delayed possession. Complaints can be filed with WBRERA. This calculator uses the standard SBI MCLR + 2% simple interest formula applicable under WBRERA regulations.Frequently Asked Questions — WB RERA
Is West Bengal under RERA or HIRA?
West Bengal is now under the central RERA framework (WBRERA). The previous state-specific law, WB-HIRA, was struck down by the Supreme Court of India in May 2021 for being unconstitutional. All real estate projects in the state are now governed by WBRERA.
How is WB RERA delay interest calculated?
WB RERA applies simple interest at SBI MCLR (1-year) + 2% per annum, following the central RERA Act formula. Interest runs from the committed possession date until actual handover or refund.
Does WB RERA cover Rajarhat and New Town?
Yes. All RERA-registered projects across West Bengal — including Rajarhat–New Town, EM Bypass, and all other areas in Kolkata and surrounding districts — fall under WBRERA jurisdiction.