Delayed Possession Advice: Claiming TG-RERA Section 18 Interest in Hyderabad

When evaluating delayed high-rise or villa projects in Hyderabad, understanding your legal rights under TG-RERA is essential before signing developer settlement extensions.

Under Section 18 of the RERA Act, if a developer fails to hand over possession by the date fixed in your registered Agreement for Sale, you have two enforceable legal options:

• Option A (Stay & Collect Monthly Interest): If you wish to retain the property, the developer is legally bound to pay you monthly delay interest at SBI MCLR + 2% per annum on the total sum paid, accruing from the promised date until physical handover.

• Option B (Withdraw & Demand Full Refund): If the project is indefinitely stalled, you can exit completely and claim a full refund of all amounts paid, plus interest at SBI MCLR + 2% calculated from the respective payment dates.

How to File: Submit a formal complaint on rera.telangana.gov.in along with your registered Sale Agreement, payment receipts, and written delay notices.

Have you faced possession delays with developers in West Hyderabad? Share your experiences with developer negotiations vs. formal TG-RERA filings below!