Who can be considered allottee or homebuyer under Real Estate (Regulation and Development) Act, 2016?
Section 2(d) of the RERA Act says that an allottee or homebuyer is someone who
When can a buyer ask for a refund?
If a project is delayed, a buyer may seek a penalty from the developer under
What is the difference between an escrow account and a separate account?
A developer is required to open an escrow account with a government-approved bank. An escrow
What are the steps involved in filing a complaint against a developer under RERA?
A complaint can be filed with the Real Estate Regulatory Authority or the adjudicating officer
What are the buyer’s rights and responsibilities?
Allottees are granted the following rights and obligations under Section 19 of the Real Estate
What is the point at which a buyer becomes a defaulter?
Any violation of the RERA Act's provisions is punishable. The penalty for each subsequent period
What is the distinction between completion certificate and occupancy certificate?
A Completion Certificate (CC) shows that a building has been erected in accordance with the
Is it necessary to keep track of the start and end dates of construction?
Yes, it is critical to initially record and track these dates, as delays may impose
Which of the following forms should the buyer use to submit a claim: Form B, C, or F?
Financial creditors must file claims on Form C, operational creditors on Form B, and other