Do we have to wait for Builder to register under RERA after may 1?

Q: Do we have to wait for builder to register himself or can we go ahead and buy a house and it will come u der RERA automatically?

Nikhil, Apartment Resident

16th April 2017

Legal in Noida

real estate

rera

implementation of rera

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Replies (3)

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nishant, Kolkata

8th November 2017

Comment

I agree with Debanjan. Establishment of Real Estate Appellate Tribunals that will handle property disputes, with the intention of delivering quick and unambiguous resolutions. Setting up of an advisory body, to deal with matters related to govt-sponsored real estate developments. In one of the most important addendum to the RERA, real estate brokers also fall under its ambit.

Suneet Shetty, Noida

21st April 2017

Comment

Yes, we have to wait for the builder to register under RERA. Now-a-days, there are lots of fraud cases have been seen in the last decade. Buyers have to wait for long years to get their flat possession after investing their hard earned money.

Mahinder, Noida

21st April 2017

Comment

Hi Nikhil, Once the RERA becomes an enforceable law, it will change the way in which residential housing projects are planned, offered, sold and possessed across India. The aim of the RERA, is to make real estate purchase simpler, by bringing in better accountability and transparency. In doing so, it will also infuse a lot more confidence among buyers who, at the end of the day, should feel as comfortable about investing in a home, as they do about buying gold.

Debanjan, Noida

21st April 2017