It is their right to celebrate, but what about the home buyers whose celebration got blurred because of not getting their dream home on time?


We all have heard a proverb “Tit for Tat” but it seems that this is not true when it comes to the RERA . Recently, we heard news stating that RERA fined developers for not registering their project on time with the authority. Absolutely, this is one of the best steps taken by the Real Estate Regulatory Authorities of many states to regulate the realty sector of the country and to save buyers from the irregularities of the developers.



But wait! What about those buyers who are still suffering because the state where they have invested in the real estate sector has not implemented a full-fledged RERA? Who will listen to their grievances? Apparently, we can just hope as the decision makers in states where the RERA has not reached the coast are busy in celebrating festivals. Well, it is their right to celebrate, but what about the home buyers whose celebration got blurred because of not getting their dream home on time?



There are many states such as Jharkhand, Andhra Pradesh, Telangana, Chhattisgarh, Odisha etc. which have notified the RERA but lack a dedicated RERA website and appellate tribunal. States such as Kerala, Bihar, Punjab etc. have got partially developed RERA website, having no information related to RERA registered projects in the state.

The Government needs to take the necessary steps to save the existing and aspiring property buyers from the pain of feeling dependent and sometimes homeless.







0 comments: