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Compensation for delay in handover
14-Feb-2026 (In Property Law)
Hi. As per RERA registration, my builder should have handed over the apartment on 31st Dec 2025. They have applied for OC in September 2025, but it is still not received and they have filed for an extension. Can we as buyers demand compensation for delay?
Key Rights Under RERA Section 18
According to Section 18 of the RERA Act, if a developer fails to hand over possession by the date specified in the sale agreement, you have two primary options:
Option 1: Continue with the Project
You can stay in the project and claim monthly interest for every month of the delay until actual possession is handed over.
The interest rate is typically the State Bank of India's (SBI) Marginal Cost of Lending Rate (MCLR) plus 2%
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Adv. Dhruv. K
Bangalore / Bengaluru | 100+ Answers
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