Gurgaon Housing Scam: Has RERA Failed Homebuyers? Introduction: RERA and Its Objectives: The Real Estate (Regulation and Development) Act, 2016 (commonly known as the RERA Act), was enacted to enhance the efficiency and transparency in the real estate sector while safeguarding the interests of homebuyers. To achieve these objectives, it provided for the establishment of […]
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RERA or Consumer Forum: Where Should You File Your Complaint Against a Builder? Introduction: Consumers in India have been bestowed with several rights, including the right to safety, the right to be informed, the right to choose, the right to be heard, and the right to seek redressal against unfair trade practices by the service
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How RERA Gurugram Helps Homebuyers in Stalled and Delayed Real Estate Projects in Gurgaon Introduction The Indian Real Estate market is constantly growing, and Gurugram is emerging as one of the top realty markets in India. People are increasingly interested in investing in Gurgaon, attracted by higher returns in both property value appreciation and rental
Homebuyers Right to Seek refund Under RERA Act What is RERA Act? The Real Estate (Regulation and Development) Act of 2016, commonly known as the RERA Act (hereinafter referred to as “Act”), was enacted to enhance the efficiency and transparency in the real estate sector while safeguarding the interests of homebuyers. Before its introduction, the
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Execution of Recovery Certificate issued by RERA Authority Introduction: As per the statistics released at the 125th meeting of the Uttar Pradesh RERA Authority, held in Lucknow, nearly 8,800 Recovery Certificates (RCs), collectively valued at around Rs 2,400 crore, have been issued across the state of Uttar Pradesh from 2018 till 2023. Of this, approximately
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Even after having a favourable order from the RERA Authority, the builder often fails to comply, either by not returning the money owed to the homebuyers or by withholding possession of their units, depending on the case. In such scenarios, homebuyers are often left unsure of the next steps to take in order to have the decree enforced and either recover their money or gain possession of their units.
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