RERA/Property-Disputes

RERA/Property-Disputes

RERA is a regulatory framework that aims to enhance transparency in the real estate sector. It mandates that all residential and commercial real estate projects above a certain size must register with the respective state RERA authorities. Builders must provide clear details of the project, including timelines, approvals, financial disclosures, and ongoing progress. Non-compliance can result in severe penalties or even imprisonment. For homebuyers, RERA serves as a much-needed tool for redressal. It offers a structured platform where grievances related to possession delays, structural defects, false promises, or monetary fraud can be addressed efficiently.

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