Real Estate Regulations Act (RERA)

If your builder is cheating you by neither giving you possession of the property nor refunding the money then RERA is there to protect the interests of the property buyers and there are other legal remedies available to protect the right of the buyer.

RERA is a Real Estate Regulations Act introduced to protect the rights of a property buyer. If a builder or developer cheats or misleads the buyer by any means then RERA will help them. The Key benefits of RERA are:

  • Standardized carpet area
  • Rate of interest
  • Reduces risk of Bankruptcy
  • Fake Promises
  • Advance Payment
  • Defect after possession
  • Right to information

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RERA specifies certain norms for building and development which is enhancing the transparency in real estate sector. Any grievances against the builder/developer can be taken into state authority set up under RERA.

RERA ensures the timely delivery of flats/apartments with accurate project details and after sales services but only new projects are covered by the bill. The most positive aspect of this act is to standardize the legal regime for the purchasers and the builders. RERA is a two way road where both the parties are on safer side. Commercial, as well as residential projects measuring more than 500 sq meters, come under RERA.

We help you getting refund on your investment possession and entitlement over property from unscrupulous builders by enforcing your rights provided under RERA.

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