# Delayed flat possession? Homebuyers can seek refund, interest under RERA

2026-08-15T01:06:00+00:00 | Governance | Indian Opinion Desk

Corroboration: 1 independent outlet

Homebuyers facing delayed possession of flats without communication from builders can seek refunds, interest, or compensation under RERA and consumer protection laws, Livemint reports. Buyers can file a complaint with the local RERA authority if the delay extends beyond the agreed possession date. If the delay is over six months, buyers can terminate the agreement and claim a full refund plus compensation, which the builder must pay within 45 days. Interest for delay is typically calculated at 2% above the RBI lending rate.

## Coverage

- livemint.com <https://www.livemint.com/money/personal-finance/builder-delaying-flat-possession-what-homebuyers-can-do-under-rera-and-consumer-protection-law-11786697823622.html>

Tags: Consumer Protection Act, RBI, RERA
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