Guides · If it's delayed
If it's delayed · 5 min readRERA Delay Compensation, Explained
Reviewed against MahaRERA rules · Informational, not legal advice
The short version: When possession is late, the law gives you a real remedy. Here's what Section 18 entitles you to, and the rate MahaRERA usually applies.
Your two options under Section 18
If the promoter fails to hand over by the agreed date, you can either continue with the project and claim interest for every month of delay, or withdraw entirely and get a full refund plus interest.
The rate, and the fine print
MahaRERA commonly awards interest at the State Bank of India's highest MCLR + 2%, as simple interest on the amounts you've paid, running from each payment until possession.
It isn't automatic — you have to claim it — and the exact rate and period awarded are at the Authority's discretion, on the facts of your case.
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This guide is general information to help you ask better questions — it is not legal advice, and it doesn't replace your own advocate or the official MahaRERA portal. Rules, rates and builder practices vary; always verify against the current MahaRERA record and your project's documents before acting.