Know Your Rights as a Homebuyer Under RERA


As Real Estate (Regulation & Development) Act, 2016 comes into effect; here is how the home buyers get empowered. The act not only makes the sector transparent but also gives certain rights to the buyer. Sunil Tyagi, Senior Partner & Co-founder of ZEUS Law culls out a few important rights from the act for the home buyer to understand:

  • In case of (i) delay in completion of Project, (ii) revocation / suspension of registration of the Project, (iii) discontinuation of business of Promoter, (iv) false misrepresentations, (v) defect in the title of the project land; the buyer can exit from the Project without any penalty, and is also entitled to claim refund of the amounts paid with interest and compensation.
  • If in case of delay in completion of Project, the buyer decides to continue with the Project, then the buyer is entitled to interest for the delayed period.
  • The buyer is entitled to file complaint with the Real Estate Regulatory Authority in case of grievance or default by the Promoter.
  • In case of revocation of registration of the Real Estate Project, the Association of Apartment Owners shall have the first right of refusal to complete the remaining development works in the Project.

Buyers can seek information about:

  • Project plans and development plans including sanctioned plans, layout plans, specifications etc.;
  • Stage wise timelines / milestones for completion of the Project;
  • Civic amenities to be provided in the Project including water, sanitation, electricity, etc.
  • In case of revocation of registration of the Real Estate Project (‘Project’), the Association of Apartment Owners shall have the first right of refusal to complete the remaining development works in the Project.

    145 thoughts on “Know Your Rights as a Homebuyer Under RERA

    1. Many thanks for the data had as well as the photos, we were looking for particular things today and even handled to find your blog, we are leaving these remarks to guarantee that you maintain writing even more info like this,

    2. I found your weblog site on google and test a few of your early posts. Proceed to keep up the excellent operate. I just further up your RSS feed to my MSN Information Reader. Searching for ahead to reading extra from you later on!…

    3. Unquestionably believe that which you said. Your favorite reason seemed to be on the internet the easiest thing to be aware of. I say to you, I certainly get irked while people think about worries that they plainly don’t know about. You managed to hit the nail upon the top and defined out the whole thing without having side effect , people can take a signal. Will likely be back to get more. Thanks

    4. ksxanyz,Very informative useful, infect very precise and to the point. I’m a student a Business Education and surfing things on Google and found your website and found it very informative.

    5. “The capitalist countries must have a strong force from the highest leadership, and declare the income\/wealth/opportunity gap is a national emergency and assume the responsibility of redesigning the system so that it can function better.

    6. Among them, Microsoft has the highest total score, followed by Alibaba Cloud. In addition, the report believes that although cloud computing has proven to be feasible, blockchain technology is still in an emerging stage. Many cloud computing products are less mature and some of the evaluation products are still in the beta (test) or preview phase.

    7. “There are signs that it has been 10 years. The stock market bull market is about to peak, because (now) US stocks are definitely not cheap and very sensitive to any bad news.” The number of weekly claims for unemployment benefits in the United States has fallen to its lowest level since 1969,

    8. Whether it’s blockchain technology or any other new revolutionary technology, the first thing you need to master to master these technologies is the basic concepts they contain. If you don’t even understand the basic terms, what about further use and development? The basic concepts that need to be understood are as follows.

    9. The first indicator of ruthlessness is effort. The Warriors brought it in Game 1 and for the better part of Game 2, before they completely and inexplicably lost it – and the game. They hit 10 on the ruthless meter in Game 3 and brought enough of it to squash a Clippers rally and prevail in Game 4.

    10. That’s exactly what wound up happening on Thursday, when Bosa was taken second overall by the San Francisco 49ers. That means he will be living in one of the more liberal areas of the country.

    11. Wonderful work! That is the kind of info that are meant to be shared around the net. Disgrace on Google for now not positioning this post upper! Come on over and seek advice from my web site . Thanks =)

    12. Great goods from you, man. I’ve understand your stuff previous to and you are just too magnificent. I actually like what you have acquired here, certainly like what you’re stating and the way in which you say it. You make it enjoyable and you still care for to keep it smart. I can not wait to read far more from you. This is actually a terrific web site.

    13. I’m impressed, I have to admit. Genuinely rarely should i encounter a weblog that’s both educative and entertaining, and let me tell you, you may have hit the nail about the head. Your idea is outstanding; the problem is an element that insufficient persons are speaking intelligently about. I am delighted we came across this during my look for something with this.

    14. Today, I went to the beachfront with my children. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is totally off topic but I had to tell someone!|

    15. sglgdpswb,Very informative useful, infect very precise and to the point. I’m a student a Business Education and surfing things on Google and found your website and found it very informative.I LOve your Blog!

    16. Hey there would you mind stating which blog platform you’re working with? I’m looking to start my own blog soon but I’m having a tough time making a decision between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design seems different then most blogs and I’m looking for something unique. P.S Apologies for getting off-topic but I had to ask!

    17. But wanna comment on few general things, The website style is perfect, the written content is real wonderful. “The idea of God is the sole wrong for which I cannot forgive mankind.” by Marquis de Sade. zoloft.

    18. What i don’t realize is actually how you’re not actually much more well-liked than you may be right now. You’re very intelligent. You realize thus significantly relating to this subject, made me personally consider it from numerous varied angles. Its like men and women aren’t fascinated unless it is one thing to do with Lady gaga! Your own stuffs excellent. Always maintain it up! viagra without a doctor prescription

    19. Great – I should certainly pronounce, impressed with your website. I had no trouble navigating through all tabs as well as related info ended up being truly simple to do to access. I recently found what I hoped for before you know it at all. Quite unusual. Is likely to appreciate it for those who add forums or something, website theme . a tones way for your customer to communicate. Nice task. viagra without a doctor prescription

    Leave a Reply

    Your email address will not be published. Required fields are marked *