Since the very advent of the RERA Act, it has been a matter of great contemplation for the home buyers as to whether and how should RERA be approached.
RERA aims to protect the home buyer and to increase the sanctity of the real estate market by introducing transparency.
Whenever a home buyer has any grievance against the builder (promoter/developer for the purpose of the Act), Section 31 gives elaborative rights to file a complaint against such a builder, and to seek the appropriate remedy thereof. Not only can RERA be approached for interest qua the delay in possession, but also for refund of the entire amount paid to the developer, alongwith interest and compensation.
Benefits of filing a RERA complaint
- Summary trials unlike consumer forums.
- Speedy dispute resolution with loads of instances of the best relief being given on the first date itself.
- Wide powers of RERA Authorities and Adjudication Officers.
- Powers for Execution of the orders after attaching the property and bank accounts.