Showing posts with label purchase. Show all posts
Showing posts with label purchase. Show all posts

Wednesday, April 22, 2020

What are the rights and duties of the buyer related to RERA?


Section 19 of the Real Estate Act states that a home buyer shall:

  • Accessed to obtain information related to approved plans, layout plans as well as approved by specific authority and other such information. 
  • To know the phase-wise scheduling of the project including the provisions of water, sanitation, electricity and other facilities. 
  • Entered to claim possession of the apartment, plot or building. 
  • At such a rate one is entitled to claim a refund of the amount paid along with the interest and may be compensated in the manner provided under the Act. 
  • After handing over the physical possession of the unit, it entered for necessary documents and plans, including common areas. 
  • Responsible for making the necessary payments specified in the sales agreement at the appropriate time and place.
  • They will also have to pay their share of registration fees, municipal taxes, water and electricity charges, maintenance fees, land rent, and other charges.
  • Essentially responsible for participating in the formation of a union or society or collaborative society.
  • Responsible to pay interest as stipulated. If mutually agreed upon by promoters and allottees, the interest may be reduced.
  • Take possession of the unit within two months of obtaining the occupancy certificate.
  • Responsible for participating in the registration of the deed.

How to file a complaint

  • Registered allottees or organizations of any voluntary consumer association under any law can approach the Real Estate Regulatory Authority or Assistant Officer to lodge a complaint.
  • The fees will be determined by the authority.
  • The authority may direct that specific cases or issues be heard and decided by a single bench of the chairperson or any member of the authority.
  • After giving a reasonable opportunity of hearing to any person, the authority shall appoint an assistant officer to conduct an inquiry in the prescribed manner.
  • The application for compensation will be dealt with expeditiously by the officer concerned. The matter will have to be disposed of within 60 days from the date of receipt of the application.