Introduction While taking into consideration the objectives of the ‘Real Estate (Regulations and Development) Act, 2016, it was felt that; it is the need of the hour to make regulations with regard to the sale of apartments on a carpet area basis. The sale of the apartment on a carpet area basis is a beneficial
INTRODUCTION There has been generally a debate as to whether a home buyer would be entitled to compensation as a consumer under the Consumer Protection Act or as per the provisions of RERA. The Supreme Court has addressed this issue in various cases and given the complainants the liberty to choose where they wish to
Introduction RERA Haryana is the regulatory body that promotes and overseas the real estate sector and for the regulation and promotion of real estate sector to ensure the sale of plot, apartment or building or sale of real estate project in the transparent manner and to protect the interest of consumers in real estate sector.
Introduction The establishment of RERA is done with a view to regulate and promote the real estate sector. This is to ensure the sale of the property, plot, etc. in a fair and transparent way. Before launching any project the developer needs to get approval from state government agencies. The developer is also under an
Introduction The Real Estate (Regulation & Development) Act, 2016 is the act that has been created by the legislature with the intent to protect homebuyers/property buyers from the illicit activities of builders in India. When RERA didn’t exist the consumer courts had the burden over their shoulders to adjudicate the matters related to the homebuyers
INTRODUCTION For a long time, the buyers of real estate have certain complaints regarding the transactions occurring in the sector which were highly in favor of developers. This enactment leads to the more equitable and just and fair transaction among the buyers and the sellers. The aim of the enactment is that it will create
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