Rera Rules for Possession: Holding Developers Accountable

Ans. Homebuyers can approach the respective state RERA authority and file a complaint against the developer for project delays. RERA provides a platform for dispute resolution and ensures that developers are held accountable for their actions.

Ans. RERA applies to new and ongoing real estate projects, ensuring that developers comply with the regulations and fulfil their obligations towards homebuyers. However, the specific applicability of RERA may vary from state to state, so it is advisable to check the rules and regulations of the respective state RERA authority.

Ans. If the builders delay possession as per RERA possession date, homebuyers can claim the delay compensation or even get the entire payment refunded. According to RERA, builders have to abide by the possession schedules, those who do not comply may be penalised and also brought into legal action against them. RERA penalties act as a deterrent for any non-compliance.

Ans. The RERA limitation period for claims concerning delays or defects usually is about five years from the date of possession. This framework is such that property buyers can address issues, such as the project's completion or quality within a reasonable period. RERA rules for possession ensure that builders adhere to the timelines.