Possession overdue, project stalled, or money stuck? Draft your RERA complaint, compute the delay interest you're owed under Section 18, and pick the right forum. Builders can draft their reply too. Initial coverage: MahaRERA, UP-RERA and K-RERA.
Under Section 18 of the RERA Act, 2016, an allottee can either withdraw and claim a refund of the money paid with interest, or stay in the project and claim interest for every month of delay until possession.
Interest is payable at the rate prescribed by the State RERA rules — commonly the State Bank of India highest Marginal Cost of Lending Rate (MCLR) plus 2%.
A complaint is filed before the State Real Estate Regulatory Authority under Section 31 of the RERA Act. MSME Prime currently supports MahaRERA, UP-RERA and K-RERA.
Both forums are available to homebuyers, but you cannot pursue the same relief in both. The right choice depends on the relief sought, the value, and the expected speed — our forum strategy report compares them.