Overview

RERA comprises the residential and commercial subdivision portion of real estate. RERA stands for Real Estate Regulatory Authority which was introduced in 2016 and is also known as RERA, 2016. The Act aims to protect the interests of consumers in the real estate sector. It also promotes transparency and standardization in business practices conducted in the real estate sector. It works strictly towards protecting the interests of buyers and promoters and imposes specific and strict duties on them and seeks to establish symmetry of information between buyer and promoter. RERA acts as a shield to protect consumers from greedy builders and also provides consumers with a platform called RERA compliant. Under the RERA complaint, homebuyers can file complaints against the builder, developer or agent if they believe they are being violated or violated under any provision of the Act.

With the introduction of RERA consumers, participation in real estate feels strong and protected. Buyers have the right to lodge a complaint in case of any fraud and unhealthy business practice. Now, real estate buyers have the privilege to file complaints and grievances and in return one can expect to be satisfied with their problem.

To resolve their grievances, buyers can ask the legal authorities to intervene in their case. However, it is the buyer's duty to confirm that their builder is registered under RERA. If the builder of the housing project is not registered under RERA, buyers of such projects may find them in a dilemma and face problems in filing complaints against them.

Complaint regarding RERA projects

According to Rera, 2016, both builders and developers are required to register their projects under the state regulatory authority of the concerned state. RERA provides buyers a platform where they can monitor the growth and development of ongoing projects and also file a complaint in case of any complaint. Buyer can use the form ‘ A ’ Section 31 of the said Act may also face any incident for filing a complaint against the builder or developer. Make sure the information in your complaint is required such as the registration number of the developer or builder projects.

If RERA fails to provide redress to the buyer, the buyer can seek the help of the Appellate Tribunal within a period of sixty days from filing a complaint with RERA.

How to File RERA Complaint when Projects not registered with RERA

There are developers and builders in India who do not register their projects under the provisions of RERA. As a result, buyers of such projects have to go through many challenges while filing complaints against developers and builders. Buyers who are reluctantly stuck with unregistered projects may seek other legal remedies to get out of trouble. They can seek justice by filing a case against the creator or developers of an unregistered project in a criminal case or consumer court. In addition, they can also appeal to the High Court and demand a refund of their hard-earned money.

A ray of hope for non-registered property buyers is alive, with both the Government of India and the Real Estate Regulatory Authority (RERA) working hard to resolve the complaints of unregistered property buyers. An accurate and regulatory mechanism is being developed to deal with problems against unregistered builders and developers in India.

Benefits

• Saves buyer’s time

  The need to undergo long and time-consuming judicial proceedings under the

  RERA is eliminated.

• Transparency

  RERA ensures transparency in handling complaints and grievances. Also, the status of the RERA complaint is available on each state's website.

• Buyers can receive compensation

  In some cases the builders have ensured compensation to buyers for their lack of commitment.

When to file a complaint?

• Status Delay
• Incorrect Advertising
• Advance Payment
• Improper registration of the project
• No details about the project
• Structural Defects
• Ownership Transfer

Buyer's right

• Transparency

  Buyers enjoy the privilege of transparency in the area of ​​measurement, the project deadlines, payment structure, penalties and legal issues that are resolved under the provisions of the Act.

• Clarity in area measurement

  The builder is required to restore the carpet area price such as built-up, super built-up or PFS etc. This ensures stability in terms of the value set by the builders.

• Retract claim

  The buyer has the right to claim a full refund.

• Quick test

  For the purpose of early hearing it is necessary to place the adjacent system in the correct place.

• Financial Discipline

  For each project, the builders are required to hold 70 percent of the amount in the escrow account. In addition, if the builder is found guilty of using one project's funds for another, he will be punished and can also be jailed for a maximum of 3 years.

  Following the RERA 2016 order, land buyers currently have a sense of security and guarantee. Further, as per this demonstration, both builders and property builders have to get their works registered under the state administrative authority of the concerned state. As such, it will provide the buyer with an accurate platform for improvement of under construction undertakings and to document any increase if in this event, they have a complaint against the builder or developer or both. In addition, many developers and manufacturers have not yet registered their activities under Rera's arrangement. In this way, as a result, buyers of such businesses or private entities in such undertakings are facing various difficulties because they do not understand where they should take their complaints. In any case, after the execution of the RERA Act, 2016, buyers, who are leftover from unregistered undertakings, can seek remedies by documenting a criminal case or filing a case against the builder or developer in client courts. Unregistered Enterprise.