The Real Estate Regulatory Act or RERA Act came into force in 2016 to address the grievances of homebuyers and other real estate investors while bringing transparency in realty dealings. Earlier, a limited transparency in transactions related to real estate, several homebuyers became victims to unfair property selling practices. Hhence, to safeguard buyer interest and to ensure that they are able to meet other objectives, the government introduced the RERA Act in India.
You can hence now lodge a complaint regarding your realty agent, builder or promoter regarding such delays made intentionally, projects suspended without any refund, among other such reasons, thanks to this act.
Following is a step-by-step guide to filing a complaint under the RERA rules.
Step 1: Firstly, individuals need to visit RERA’s official website of their respective state. On opening this portal, they will find a dedicated slot for complaint registration.
Step 2: Clicking on the complaint registration link, they will be redirected to a dedicated complaint form. Now, they need to fill up this form with necessary details.
Step 3: During such form fill-up, complainants need to mention their name, the company or individual against whom such complaint is to be filed, the agent or builder’s RERA registration number, the property’s total value, possession date, etc., alongside the documents required.
Step 4: On successful form fill-up, the complainant needs to pay a fee of Rs.1,000. If he/she opts for an adjudicating officer for filing such a complain, the fees amount to Rs.5,000.
Your complaint would hence be taken up by an authority that is presiding and be resolved after due verification. Additionally, real estate agents are also required to register themselves with RERA, which can also be done online, failing which they will be penalised heavily. The cost of such penalty may extend up to 5% of the total cost of a concerned property.
While purchasing a property, individuals need to invest a substantial amount. In most cases, they also opt for a home loan to secure the necessary funding. Hence, they must ensure that there are no disputes or other complications associated with the property they are investing in since it may lead to more financial loss in the future.
Buyers should, therefore, go through RERA’s official website to check property details and understand the RERA Act in India before proceeding further.
You can hence now lodge a complaint regarding your realty agent, builder or promoter regarding such delays made intentionally, projects suspended without any refund, among other such reasons, thanks to this act.
Following is a step-by-step guide to filing a complaint under the RERA rules.
Step 1: Firstly, individuals need to visit RERA’s official website of their respective state. On opening this portal, they will find a dedicated slot for complaint registration.
Step 2: Clicking on the complaint registration link, they will be redirected to a dedicated complaint form. Now, they need to fill up this form with necessary details.
Step 3: During such form fill-up, complainants need to mention their name, the company or individual against whom such complaint is to be filed, the agent or builder’s RERA registration number, the property’s total value, possession date, etc., alongside the documents required.
Step 4: On successful form fill-up, the complainant needs to pay a fee of Rs.1,000. If he/she opts for an adjudicating officer for filing such a complain, the fees amount to Rs.5,000.
Your complaint would hence be taken up by an authority that is presiding and be resolved after due verification. Additionally, real estate agents are also required to register themselves with RERA, which can also be done online, failing which they will be penalised heavily. The cost of such penalty may extend up to 5% of the total cost of a concerned property.
While purchasing a property, individuals need to invest a substantial amount. In most cases, they also opt for a home loan to secure the necessary funding. Hence, they must ensure that there are no disputes or other complications associated with the property they are investing in since it may lead to more financial loss in the future.
Buyers should, therefore, go through RERA’s official website to check property details and understand the RERA Act in India before proceeding further.
Read Also: Rera Complaint – A Comprehensive Guide to File Rera Complaint Against the Builder
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