If there is any breach in the terms and conditions of the builder-buyer agreement or delay in possession of the property then a home-buyer can directly approach to the RERA Authority to avail the legal recourse.
As per RERA Law the promoter shall not transfer the project to the third party without obtaining the prior written consent from two-third of the allottees and prior written approval from the concerned RERA Authority.
There are such no. of cases wherein Builder does not have OC but they are offering the possession to the Home-buyers; even knowing the fact that this is an illegal act.
What if the project is stalled and builders do not have sufficient funds to complete the project. In such cases question arises that does RERA authorities have the power to take over the project?
The officials of the UPRERA Authority have decided not to encourage refund if the project is not stalled and have the potential of getting finished and delivered.
The officials feel that there is a need of having a few more powers which will enable the RERA Authority to issue certain directions.
RERA now has become the most preferred authority where the aggrieved home-buyers can reply upon for the redressal of their grievances.
Although, the home-buyers are taking a sigh of relief but what if there is no Builder-Buyer agreement executed between the Builder and buyer.
Filing of RERA complaint as an association is feasible when there are common grievances to be redressed for.
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.