RERA Master

  Ramesh Agrawal (LL.B. & CA) It has been more than five years since the Real Estate (regulation and development) Act 2016 was passed. One more year was given to various state governments to draft rules, set up appellate tribunals, appoint officers and for developing websites and other provisions. Ultimately, the Act was implemented with effect from 1 st of May 2017.  Since that time, many cases have been filed and disposed by authorities at state level. For a home buyer, RERA can be helpful to use the guiding hand of RERA to resolve Complaint against the Builders.   When can you approach the Real Estate Regulatory Authority (RERA)?  Complaints can be filed against the Developer/ Builder as well as the Real Estate Agents, whether or not they are registered under RERA. It is stated in the RERA Act that registration of Real Estate Project is mandatory, If Land area is more than 500 sq. mtr or more than 8 units are there in the project. During registration of project the Developer rev

                                                                   Ramesh Agrawal (LL.B. & CA) 1. Do Your Research. For real estate investment the most important thing is research. Read about different builders online, go through newspapers on real estate, visit fairs on real estate, talk to good & experienced real estate agents and other people having good knowledge like experienced homebuyers.   2. Make A List of Builders Once you are done with your research, make a list of builders you are interested in and most likely to invest your money with. Find the details of their existence, people behind and since when they have been into this business. Connect with them and gather relevant information like carpet area, possession date as per RERA, specification, price quotes, etc.. Ask for the fixed quote and not the estimates. It will help you to choose the best services at reasonable prices.   3.    Registered Under RERA For under construction property verify that the bu