Paying Rent AND EMI for a Flat You Can't Move Into? | RERA Delay Rights

Promised possession in 2026 — but the flat still isn't ready, and you're paying rent AND EMI at the same time? 🏢 In Part 9 of our RERA series, we explain what RERA provides when a project is delayed, and the choice every affected buyer has under Section 18. 👉 What you'll learn in this video: ✅ What Section 18 covers when possession is late ✅ The buyer's two choices — withdraw or continue ✅ Refund with interest and compensation if you withdraw ✅ Interest for the delay period if you continue ✅ The interest rate typically applied (and why to check the current figure) ✅ Why a delay case starts with documents, not a formula ✅ How delay affects valuation and lending 📌 Section 18 in short: If a promoter fails to hand over possession as promised in the Agreement for Sale, the Act creates different consequences depending on whether the allottee wants to withdraw from the project or continue in it. 📌 The two paths: Withdraw — where the statutory conditions are met, rights relating to return of the amount paid, with applicable interest and compensation. Continue — interest for the period of delay, until possession is handed over, subject to the applicable legal framework. 📌 The interest rate: In Karnataka and several other states, RERA orders have generally applied SBI's Marginal Cost of Lending Rate (MCLR) + 2%, prescribed under the State Rules and consistently applied by tribunals. ⚠️ Rates and benchmarks can be revised — always check the current figure when actually calculating a claim, rather than quoting a fixed percentage. 📌 Don't reduce a delay case to one formula. Start with documents: What was the committed completion/possession timeline? What does the Agreement for Sale say? Is the RERA registration valid? Has an extension been granted? What's the actual physical progress? 📌 For valuers & lenders: A delayed project affects construction risk, marketability, future cash flows, cost to complete, and valuation assumptions. Don't stop at "six months late" — ask why it's delayed, how much work and money remain, whether registration is valid, and whether completion is realistically achievable. Useful for home buyers, property investors, real-estate professionals, valuers, and lenders. 📞 Get in touch with Value Venture: 📧 Email: info.valueventure@gmail.com 📱 Mobile / WhatsApp: 96068 56451 For property valuation queries, consultation, and expert guidance. 🔔 Please SUBSCRIBE to Value Venture for the full RERA series, plus more on valuation, due diligence, and project finance! 👍 Like this video if you found it helpful 💬 Comment your questions below — we're happy to help 📢 Share this with anyone facing a delayed project ⏱️ Video Chapters: 00:35 – Introduction & Hook 01:07 – Section 18: The Core Provision 01:42 – The Two Choices 02:16 – If the Buyer Withdraws 02:53 – If the Buyer Continues 03:33 – The Rate of Interest 04:14 – Start With the Documents 05:04 – Why Professionals Must Look Deeper 05:27 – Recap 05:38 – Next Video & Subscribe #RERA #ProjectDelay #Section18 #KRERA #RealEstateIndia #PossessionDelay #HomeBuyerRights #RERAInterest #MCLR #ValueVenture #IndianRealEstate #BuyerProtection #DelayedPossession