RERA instils confidence in home buyers as 70 pct will file complaint against builder

Therefore, now even a home buyer who has purchased a property worth 10 lacs can approach directly NCDRC in case he alongwith other buyers (who are together filing a case under section 12 (1) (c) ) in total cross the benchmark figure of 1 crore. RERA- A home buyer can file the complaint with the Authority of the State where the property is situated.

MUMBAI: The Maharashtra Real Estate Regulatory Authority has received two complaints from homebuyers against developers over the last one week. However, the regulator has not received any complaints on first day after the deadline for registering ongoing projects came to an end on Monday, said an official from MahaRERA.

For more adept legal help or information about RERA and how it impacts buyers, connect to us for an expert legal consultation.. This article discusses the reason why RERA was enacted -the problems in the earlier laws and how RERA was able to address those errors. It also throws light on how the new regulations have impacted the rights of the flat-buyers, developers, and agents.

Click on ‘Add new complaints’ under ‘Complaint details’ and provide complete details of your complaint. Click on ‘Payment’ option to pay fee online to RERA. As of now, the complainant has to pay a fee of Rs 5,000 to file a complaint under Maharashtra RERA Act.

Only registered home buyers’ body can file complaint against builders: NCDRC. PE investments into real estate up a tad in first 9 months / MahaRERA dismisses investor’s plea against builder / Ultratech Cement profit dips by 53% in Q2 2017 / DB Realty to raise stake in DB.

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As per the competition act 2002, home buyers can file complaints against builders with the CCI under section 3 and 4, pertaining to abuse of dominant market position and anti-competitive agreements, respectively.

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There are various ways to get the RERA registeration number for an under construction building without O.C. ( Occupation Certificate) But it’s not necessary that all the under construction buildings have to be RERA registered. The need for a devel.

Food, Clothing & Shelter are considered essentials of life and every Human Being carries a sweet dream of owning a sweet Home in his life. Customers have very little knowledge of real estate business whether in public sector or in private sector and there is wide gap between the demand and supply.

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