Buyers / Allottees under RERA have elaborate rights and certain obligations.
Buyer /Allotee has right to receive all the information including but not limited to periodic information on project status etc.
Obligated to make timely payments and take possession and take possession.
It is imperative for a Buyer / allotee to understand his rights for enforcing against unscrupulous practices and builders /agents.
The Real Estate Regulatory Authority of the specific state would be Administrative Body and Real Estate Appellate Tribunal shall be the Appellate Authority.
Conduct inquiry/ investigation in relation to the affairs of Allottee and impose penalties and interest etc.
All grievances and disputes to be addressed first by the AUTHORITY (60 days) then by the Real Estate Appellate Tribunal (REAT) and post after that the petitioners can go approach to the High Court(s) within 60 days
Authority may impose penalty or interest in regard to any contravention of the Act or Rules made thereunder.
Such Penalty or interest is recoverable in such manner as may be prescribed as an arrears of land revenue.
On non compliance of any order or direction of the Authority, a penalty upto 5% of the cost of plot/apartment/building.
On further non compliance of any order of Tribunal , allottee may be punishable with imprisonment upto 1 year or with fine upto 10% of the cost of plot/apartment or building.
"INTYGRAT" provides expert services in advising you on the various rights and obligations. "INTYGRAT" provides an expert analysis of your unique case and a possible plan of action on every aspect.
This covers a wide range of advisory and handholding legal support services for enabling the Buyer in enforcing his rights, under RERA.
This is a comprehensive Independent analysis of RERA compliance status of Project and Reporting Service. Our Expert team will assess, analyze and report on the compliance status of project. This can be a one- time exercise or periodic depending on the needs. Especially useful for Managements and other stake holders such as Investors (Funds & other Strategic Investors), Lenders (Banks/Institutions).
Intygrat Business Advisory (P)Ltd.
(CI No. U74900DL2011PTC216088)
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New Delhi -110019
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