The Real Estate (Regulation and Development) Act, 2016 (RERA) transformed real estate transactions, establishing strict accountability for builders and developers.
प्रमुख विधिक निष्कर्ष
Under Section 18 of RERA, if a builder fails to deliver possession according to the agreement, the homebuyer has an unconditional right to withdraw and claim full refund with statutory interest, or claim monthly delay interest until possession.
1. Mandatory Project Registration and Disclosure
Promoters must register commercial and residential projects, deposit 70% of collections in an escrow account, and adhere to approved sanction plans.
2. Remedies for Delayed Possession (Section 18)
Allottees can opt for full refund of invested capital with SBI highest MCLR + 2% interest, or continue in the project while receiving monthly delay interest.
3. Five-Year Structural Defect Liability (Section 14)
Promoters are legally liable to rectify structural or workmanship defects free of charge within 30 days of notice for five years from possession.
4. Execution of RERA Orders via Recovery Certificates (RC)
Unsatisfied RERA awards are executed as arrears of land revenue by the District Collector through property attachment.
प्रायः पूछे जाने वाले प्रश्न
विधिक मार्गदर्शन नोट | RCS & Associates (रुड़की व हरिद्वार में अनुभवी वकील एवं अधिवक्ता)
संस्थापक: रमेश चन्द सैनी (पूर्व वरिष्ठ अभियोजन अधिकारी, उ.प्र. | M.A., MBA, LL.M.) | सदस्य: अमरदीप सैनी (नोटरी एवं अधिवक्ता)
यह विधिक आलेख सामान्य सूचना एवं शैक्षणिक संदर्भ हेतु प्रकाशित किया गया है। यदि आपको उत्तराखंड उच्च न्यायालय (नैनीताल), सर्वोच्च न्यायालय अथवा जिला एवं सत्र न्यायालय हरिद्वार (रोशनाबाद) / रुड़की में रिट याचिका, स्टे आर्डर (Stay Order), अग्रिम जमानत (धारा 482 BNSS / 438 Cr.P.C.), नियमित जमानत, चेक बाउंस अथवा दीवानी विवाद में विधिक परामर्श आवश्यक है, तो कृपया संपर्क करें।