How much compensation can be claimed if builder delays in possession

Hello Experts, I have bought under construction flat and have following queries. Builder had charged 26% interest for delayed payment including the delayed payment of TDS. I paid the amount asked although i never got the required interest calculation break-up. My question here is: In my sale agreement, builder mentioned that he will pay interest if it is delay from his end. Now, when i asked for interest on delayed possession (4 months delay since as per agreement, he was supposed to deliver it by 31st Dec 2017.. Now, with almost 4 months delay, he should be paying me interest). He mentioned that as per date mentioned in RERA, its 31st March 2019 so interest payment for delayed possession. So can i demand interest for delayed payment from builder?

Answers (1)

66 votes

You can claim interest around 12 to 18 % or as mentioned in your agreement to sale but if the reason for delay in construction is beyond control of builder it will be difficult you to claim interest and the interest can be claimed only if you are getting refund of earnest money not for delay further you can claim compensation if there is willful delay from the builder around Rs.1 lakh maximum.

Googling your legal issue online?

The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.

Popular Property Lawyers

Advocate Rajesh Rai
Sector-19, Dwarka, Delhi
20 years Experience
Advocate Sunil Kumar Bakshi
Sector-16, Faridabad
33 years Experience
Advocate J. P. Rinwa
Swej Farm, Sodala, Jaipur
19 years Experience
Advocate Jaspreet Singh Rai
Greater Kailash 1, Delhi
17 years Experience

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at and has been responded by one of the Property Lawyers at to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at or contact a Lawyer of your choice to address your query in detail.

Related Questions

" has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."

Related Articles