Stuck in a delayed flat? You have an exit

If your builder has missed the possession date, you don't have to just wait and keep paying EMI on a home you can't move into.
Under RERA, if a project is delayed beyond the promised date, you can ask for a full refund of the amount paid — plus interest, usually around 2% above the bank's lending rate.
On a ₹40 lakh payment stuck for 2 years, that interest alone can add up to several lakhs.

What this means for you

• You're not powerless — RERA gives you a legal exit, not just complaints on social media.
• Refund = your paid amount + interest, which could mean lakhs back in your account.
• You keep paying EMI on the home loan either way — so acting early stops the bleeding sooner.

What you can do

• Check your state RERA website for your project's promised possession date — if it's crossed, you likely qualify.
• File a refund complaint with your state RERA authority; most cases move faster than civil court.

You put in your savings expecting a home — RERA exists exactly for moments like this, so use it.

Grow with clarity 🌱