RERA Delay Compensation Calculator — Builder Possession Penalty (2026)
If your builder has missed the possession date in your registered sale agreement, you are entitled to monthly compensation under RERA Section 18. The formula is fixed by law: SBI MCLR + 2% per annum on the total amount you have paid. Find out exactly what you are owed.
RERA compensation formula — June 2026
Where 10.15% = SBI 1-year MCLR (8.15%) + 2%. Rate changes when SBI revises MCLR. As of June 2026.
Quick compensation estimate
SBI MCLR rates — June 2026
SBI MCLR & RERA Rate — June 2026
| SBI MCLR Tenure | Rate (June 2026) | RERA Rate (MCLR + 2%) |
|---|---|---|
| Overnight | 7.85% | 9.85% |
| 1 Month | 7.90% | 9.90% |
| 3 Months | 8.00% | 10.00% |
| 6 Months | 8.45% | 10.45% |
| 1 Year (used for RERA) | 8.15% | 10.15% |
| 2 Years | 8.65% | 10.65% |
| 3 Years | 8.80% | 10.80% |
RERA uses the 1-year MCLR unless the state RERA specifies otherwise. Check your state's RERA Act for variations.
Compensation examples — at 10.15% (June 2026)
RERA Compensation Examples
| Amount paid to builder | Delay | Monthly compensation | Annual compensation |
|---|---|---|---|
| ₹30 lakh | 1 year | ₹25,375 | ₹3,04,500 |
| ₹50 lakh | 1 year | ₹42,292 | ₹5,07,500 |
| ₹75 lakh | 18 months | ₹63,438 | ₹11,41,875 total |
| ₹1 crore | 2 years | ₹84,583 | ₹20,30,000 total |
Stay & claim compensation vs full refund — which is better?
Choose compensation (stay) if:
- ·Project is nearly complete (3–6 months away)
- ·Property prices in that area have risen
- ·You still want and need the flat
- ·Builder is financially sound
Choose refund if:
- ·Delay is 2+ years with no end in sight
- ·Builder is facing insolvency or NCLT proceedings
- ·Property prices in the area have fallen
- ·You no longer need the property
File a RERA complaint — state portals
RERA Portals by State
| State | RERA Name | Portal |
|---|---|---|
| Maharashtra | MahaRERA | maharera.mahaonline.gov.in |
| Delhi | RERA Delhi | rera.delhi.gov.in |
| Karnataka | RERA Karnataka | rera.karnataka.gov.in |
| Tamil Nadu | TNRERA | tnrera.in |
| Telangana | TSRERA | tsrera.telangana.gov.in |
| Gujarat | GujRERA | gujrera.gujarat.gov.in |
| Uttar Pradesh | UPRERA | up-rera.in |
| West Bengal | WBHIRA | hira.wb.gov.in |
How to claim RERA compensation — step by step
Check your sale agreement
Note the possession date promised. Delays beyond this date (accounting for any grace period) give you the right to claim.
Send a legal notice to the builder
A registered legal notice demanding possession or compensation establishes a paper trail. Not mandatory but strongly recommended.
File a RERA complaint online
Go to your state RERA portal. File under Section 18 (delayed possession). Attach the registered sale agreement, payment receipts, and correspondence.
RERA adjudicating authority hearing
Both parties are heard. RERA typically issues orders within 60 days. Many builders settle before the hearing.
Execute the order
If the builder doesn't comply with the RERA order, approach the Revenue Authority for recovery — RERA orders are recoverable as land revenue arrears.
Frequently asked questions
How is RERA delay compensation calculated in 2026?
Under RERA Section 18, compensation is calculated as: Monthly compensation = (Total amount paid to builder × RERA interest rate) ÷ 12. The RERA interest rate = SBI 1-year MCLR + 2%. As of June 2026, SBI 1-year MCLR is 8.15%, making the combined rate ~10.15% per annum. Important: compensation is on the amount paid to the builder, not the total property value.
Should I take compensation or ask for a refund under RERA?
You have two options under RERA Section 18: (1) Stay invested and claim monthly interest compensation at MCLR+2% until possession is given. (2) Withdraw and claim a full refund of all amounts paid plus interest from the date of each payment. The refund option is better if: the project is significantly delayed (2+ years), the builder is in financial trouble, or property prices in that area have fallen. The compensation option is better if: the project is nearly complete, property prices have risen, and you still want the flat.
Which states have RERA and where do I file a complaint?
All 28 states and 8 UTs have operational RERA. Major portals: Maharashtra (MahaRERA — maharera.mahaonline.gov.in), Delhi (RERA Delhi — rera.delhi.gov.in), Karnataka (RERA Karnataka — rera.karnataka.gov.in), Tamil Nadu (TNRERA — tnrera.in), Telangana (TSRERA — tsrera.telangana.gov.in), Gujarat (GujRERA — gujrera.gujarat.gov.in), UP (UPRERA — up-rera.in), West Bengal (WBHIRA — hira.wb.gov.in). Filing fee varies by state — typically ₹1,000–₹5,000.
Can I claim compensation even if the delay is only a few months?
Yes. RERA does not specify a minimum delay period for compensation. Even a single day of delay beyond the promised possession date in your sale agreement gives you the right to claim compensation at MCLR+2%. The builder's obligation starts from the date mentioned in the registered sale agreement. Grace periods (usually 3-6 months) that builders write into agreements are legally enforceable, so check your agreement carefully.
Related calculators
Disclaimer: Estimates only. RERA compensation awards are at the discretion of the adjudicating authority and depend on case-specific facts. Consult a RERA-registered lawyer for your complaint. MCLR rates updated June 2026 — actual rate at time of order may differ.