RERA

“It is now established that allottees have the right to ask for [a] refund if possession is inordinately delayed, particularly beyond one year.”

The president has just given his nod to an ordinance that recognises home buyers as ‘financial creditors’ and protects their investments!

While many awards to affected home-buyers have been passed before, this order is unique as it potentially blocks a major loophole in the real estate regulations.

An overview of RERA - the act that has your back