Developers need to register with RERA website as early as possible; else consumers who are wishing to raise their complaints on the Real Estate and Regulatory Authority (RERA) won’t be able to perform the same. This means buyers will have to wait for the builders to get registered with this portal. How perilous is that?
After the RERA implementation, on May 01, another 3 months have been to the builders to register their existing projects on the website. The entire realty industry will be scrutinized under RERA magnifier. Despite, of continuous, whole-hearted effort from the central government, a large number of states haven’t notified state RERA rules by April, 30. Right now, buyers are in dilemma, whether this 3 months’ stretch will further be widen.
For this procrastination, lots of people have chosen Consumer Forum, their preferred platform to reach out the Government, hoping that this forum to connect them with the RERA authorities and the state housing department.
Speaking on RERA, West Bengal RERA expert Mr. Mahesh Somani said, “Builders have granted a buffer period of 3 months, even after May 1, which is again created a wall to offset complete implementation of RERA norms. Again, states that have already notified their respective RERA rules are mostly found diluting the central Act. Naturally, buyers are getting judgmental whether RERA would be able to serve complete justice to their woes?”
Hence, without seeking further extension all the builders should register their respective about to complete projects on RERA website, to co-op competent RERA execution. Until consumers won’t find RERA website accessible, they won’t have hardly any option than raising their complaints before the consumer court.
Now the million bucks question is, if a builder has illegally developed apartments, and consumers have already invested in those projects during this turmoil, how would the consumers recover their advanced booking investments? Anyhow, obeying the rules consumers have to wait for at least another three months for the portal genesis.
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