Navi Mumbai: Get Your RERA Compensation Fast – What You Must Know
RERA isn’t just a rule‑book – it’s your safety net if developers miss possession dates. Act fast, follow the claim process, and secure the compensation you’re owed.
Key points at a glance
- •🔹 Developers must hand over possession by the date in the sale agreement, or face a ₹10,000 per month penalty.
- •🔹 Under RERA you can claim up to 5% of the purchase price per month of delay.
- •🔹 The claim window is 30 days from the possession date, but it’s wise to file sooner.
- •🔹 Compensation includes interest at 18% p.a. plus loss of value due to delay.
- •🔹 Disputes are resolved by the RERA tribunal within 90 days, ensuring swift justice.
Timeline & Penalties
If possession is delayed by 30 days, developers owe ₹10,000 per day plus 18% interest on the unpaid amount. They can be ordered to resume construction within 90 days.
Where to File
Claims lodged with the State RERA office or the district tribunal cover all Navi Mumbai projects. Maintain a copy of the sale agreement for quick reference.
Legal Recourse
The RERA tribunal can order penalty payments, enforce possession and, if needed, direct resale of the property. Resolution time is capped at 90 days.
Want more detail?
What actually happened?
A developer in Navi Mumbai missed the possession date specified in the sale agreement, leaving buyers unable to move into their homes.
Under RERA, buyers can now lodge a formal claim and seek compensation for the delay.
- File a written complaint with the RERAForever within 30 days of the promised possession date.
- Provide proof of purchase, the sale agreement, and any communications with the developer.
What it means for buyers
Delayed possession disrupts cash flow, can reduce market value, and erodes buyer confidence.
RERA ensures buyers recover financial losses, enforce possession, and hold developers accountable.
What to watch next
Keep the sale agreement handy, file the claim within 30 days, and consider legal counsel if the developer resists.
Monitor the RERA tribunal’s decision closely; it is binding and enforceable.
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