Under Section 40 (1) of the RERA Act 2016, the authority can issue recovery warrants against developer who failed to comply with its order to refund home buyers.
The delay in projects got converted from months to years shattering the dream of owning a home of many homebuyers. A detailed article on how to get refund from the builders under RERA.
Delayed possessions or no possessions at all and even in cases where apartments were given the amenities promised were lacking or not at all present in the developed projects.
The chairman of HRERA Authority at FICCI conference and said that the digitisation of the property records should be improved in order to have transparency in the secondary Real Estate market.
This is not compulsory that all RERA registered projects are investment worthy ,there are many projects registered under RERA on which investing money will become the worst decision of your life.
The complainants are seeking compensation in routinely manner from the RERA authority for each and every omission from the builder.
RERA Authorities are carefully analyzing each and every legal and factual aspect before arriving at a conclusion and that the same is evident from the reasoning and order passed thereto by the RERA Authority.
In this detailed articled we are sheding some lights on some of the important points decided by UP RERA.
This article is about just to shed some light on the issue to understand this predicament of Delay in possession of the flats.