RERA delayed possession interest | Know what is a legal & valid possession

Legal possession as per RERA guidelines. Contact : CA Abhishek Gupta, RERA Consultant +91 8510993719, +91 9266812669 Interest on delayed possession of flat | Know what is a legal & valid possession Are you facing construction delays and unsure about your rights as a homebuyer? This video breaks down the intricacies of delayed possession interest as per the RERA Act. Learn what constitutes a valid offer of possession and the steps to claim interest for such delay in handing over unit by the builder. Don't let construction delays affect your investment. Watch now to understand your rights and protect your interests. Pre-RERA, there was no accountability with respect to real estate projects getting delayed. Possession used to be promised at a particular date, and delivery used to happen 2-3 years after the promised date of possession or even later most of the times. Builders used to mention a delay penalty clause in the agreement / BBA, but that was just a piece of paper after all. But now, with the onset of RERA, you as a buyer are eligible for delay period interest under RERA. If your possession is delayed, you are eligible for interest on the paid amount to builder for the period of delay as per the SBI MCLR which is differently calculated from state to state. How to claim this interest from builder? Call us and we will guide you through the same and help you get compensation for the delay and mental harassment you've faced for delay in getting possession of flat. Your Questions : My flat possession is delayed Builder stopped construction of project How can RERA help me as a buyer Can I claim compensation for delay of project Interest for delayed possession Is possession without OC CC valid What is OC CC How to take interest from builder How to claim interest in MAHARERA What is Occupancy Certificate What is Completion Certificate I want to file case in RERA Complaint filing process in RERA Is RERA helpful to get compensation How to file complaint against builder in RERA RERA consultants #delayedpossession #rerainterest #rera #delayperiodinterest