As a legal practitioner, I’ve seen numerous cases where builders and consumers find themselves at odds over project delays, possession issues, and quality standards. The Real Estate (Regulation and Development) Act (RERA) provides a framework for resolving these disputes and protecting consumer rights.
Key Issues:
– Delayed possession: What constitutes a valid delay? How are compensation claims calculated?
– Deficiency in services: What are the standards for quality and maintenance?
– Unfair contract terms: Can builders unilaterally alter agreement terms?
RERA’s Impact:
– Promotes transparency and accountability in real estate transactions
– Provides a statutory framework for dispute resolution
– Empowers consumers to seek redressal for grievances
In my experience, understanding RERA’s provisions and implications is crucial for both builders and consumers to navigate disputes effectively. Let’s discuss the nuances of RERA and its impact on the real estate sector.
