Highlights
The RERA Act, 2016 still has certain shortcomings which are exploited by unscrupulous entities to exploit customers
The RERA Act, 2016 still has certain shortcomings which are exploited by unscrupulous entities to exploit customers Adv. Aditya Pratap
The Real Estate Regulation Act of 2016 (or RERA Act) established a statutory regulatory body for the real estate sector. The Act has imposed heavy penalties on malpractices such as carpet area frauds, violation of building plans and unauthorised changes to the project. A specialised Real Estate Regulatory Authority (or 'RERA' in short) has been constituted to hear customer complaints against developers and pass orders thereupon.
Despite RERA putting an effective legal framework in place, new violations continue to be reported to the authority on a regular basis. Some of the complaints in the post-RERA era include:
i. Builder not giving adequate parking area;
ii. Flat-buyer being compelled to give consent against his will to make blanket future changes in the project;
iii. Hidden charges by Developer;
iv. Suppression of Vital Project Information;
v. Sketchy information provided to RERA;
vi. Deficiencies in the title certificate issued by the Developer's advocate;
vii. And many more ...
