Legal Remedies for Stalled Project under RERA
There would be multiple reasons for such projects however the maximums projects are delayed or stalled due to diversion of money or unprofessional decisions of the builder.
There would be multiple reasons for such projects however the maximums projects are delayed or stalled due to diversion of money or unprofessional decisions of the builder.
As per section 3 and 4 of Real Estate (Regulation & Development) Act, 2016 (REDA) readwith Rule 3 of above rules, no promoter/developer can sell, advertise, market, book
As per section 3 and 4 of Real Estate (Regulation & Development) Act, 2016 (REDA) read-with Rule 3 of above rules, no promoter/developer can sell, advertise
An application to the Authority for registration of the real estate project shall be made in writing along with declaration, as prescribed in Rules, in triplicate.
The Real Estate (Regulations and Development) Act, 2016 has prescribed for every State/UT to prepare details rules regarding registration and implementation of RERA.
Prior to the RERA Act coming into force, the real estate sector in India was mostly unregulated, with no standardization of business operations or transactions. Due to a lack of a legal framework, home buyers/allottees were often confronted with issues such as project delays, price increases, and poor building quality.
One of a kind orders that transformed a stalled project into a Rehabilitation project under Section 8 of the RERA.
Don’t keep sleeping on your rights as homebuyers because the newly implemented RERA is here to empower you and before time runs out to go grab your rights.
If the project isn’t RERA Registered you can approach the concerned RERA Authority for initiating a complaint against the concerned developer for non-registration.
Development Authority officials and directions has been given to them to conduct the health audit of all unfinished projects, the main purpose of this audit is to find out the reason behind the stalled projects.
Implementation of RERA is to secure justice for the homebuyers; that now all authorities are coming to full functionality in states all projects should be covered under the Act.
The projects which received completion certificate prior the commencement of the Act are not required to register.
Since the implementation of Real Estate (Regulation and Development) Act, 2016 we have witnessed a drastic change in the grievance redressal systems of the aggrieved home-buyers.
Haryana RERA has notified revised RERA regulations and revised form REP -1 for project registration for Haryana which differ from the original form and requirement. Here is the summary
The judgment of the Punjab and Haryana High Court is delivered the ongoing projects which has not received a completion certificate yet will be included under the purview of RERA.