RERA- Reliefs Against the Developers
Real Estate (Regulation and Development) Act, 2016 or popularly known as "RERA" has changed how real estate business is conducted. This act was a game changer and has organised the most disorganised sector, brought in transparency and restored faith of consumers in the Real Estate sector. If you are a consumer of real estate and have not capitalised on the increased transparancy brought by RERA then you are setting yourself up for a failure. Today's blog we will dive into the specifics under RERA and key aspects of the act. There are multiple misconceptions about the remedy RERA provides to a customer and it would help you to know what you can and cannot claim under the act. The customer can approach the RERA Authority as his first forum to voice his grievance. RERA Tribunal can be approached against the decision of RERA Authority. Important thing to note is that only an Allottee (technical name for a customer) can approach the RERA for remedy. RERA is the easiest and mos...