RERA
Objectives of RERA are as follows:
- To safeguard interest of the home buyers
- To maintain transparency and, thus, decrease the chances of fraud
- To bring professionalism in the real estate sector and Pan-India standardization
- To encourage the exchange of correct information between buyers and sellers of property
- To increase reliability in the real estate sector and, subsequently, increase confidence among buyers and investors
RERA offers a unified legal regime for purchasing and selling property and endeavours to standardise the practice throughout the country. Buyers can also file a complaint under RERA in case the seller or the builder does some fraud, delay, or any wrongful act with regard to property and money transaction.
As per Section 31(1) of the Act: “Any aggrieved person may file a complaint with the Authority or the adjudicating officer, as the case may be, for any violation or contravention of the provisions of this Act or the rules and regulations made thereunder, against any promoter, allottee, or real estate agent, as the case may be.”
Benefits to choose service
There is a particular procedure of filing a complaint against a fraud property seller. Besides RERA there are also other property laws. Choosing a legal service can be a wise decision because the lawyer will help you file a complaint at the appropriate authority and in the right manner.
Frequently Asked Questions (FAQs)
An aggrieved buyer can file a complaint under RERA against the builder, the real estate agent, promoter, contractor, and intermediary.
A buyer can file a complaint under RERA in the following situations:
- Delay in possession
- Connive project details
- Improper project registration with RERA
- Builder asks more than 10% of the property price as advance payment (Under RERA, the bar is set to upto 10%)
- Structural defects
- Fabricated advertisement
- Promoter gives majority rights to a third party
Yes. It is imperative that the aggrieved buyer sends a legal notice to the offending party before filing a case in the court. This provides the other party a chance to reply. If the party does not respond to the notice or refuses to give you compensation, then you go to the court for case filing.
Visit the website of RERA of your state. Fill an online form. You can check the status of your complaint online. Apart from this, a lawyer can help you file a complaint under RERA or the court.
It depends on the severity of the offence. For example, for failure to register with RERA, the builder may face a fine of upto 10% of the anticipated cost of the project or imprisonment of upto 3 years. In some cases, both imprisonment and fine are imposed. A fine of 5% of the anticipated project cost is imposed for giving incorrect information.