What Tax Benefit on Home Loan you get if project is delayed

Unfortunately you can neither claim Section 80C tax benefit for principal repayment nor can you claim deduction for interest payments under Section 24, unless the construction is complete and the possession handed over to you. Many home owners like you have suffered because their projects got delayed. However, for the interest part, once you receive possession of your house, you can claim benefit for the aggregate interest paid till you have received possession in five equal instalments starting with the year in which you received possession.