RERA: When builder does not deposit the 30% amount for filing an appeal

The developer was directed by the RERA Authority to return the money of the few-flat buyers. However, the order was challenged but the builder was unable to deposit the amount required.

Can home-buyers remove the builder from the project?

There have been few instances where the project is stalled and the association of the allottees have been handed over the project to complete the remaining construction of the project.

Does home buyers needs the speedy procedure for the execution of the RERA orders?

If there is any breach in the terms and conditions of the builder-buyer agreement or delay in possession of the property then a home-buyer can directly approach to the RERA Authority to avail the legal recourse.

Can builder transfer the project to the third party?

As per RERA Law the promoter shall not transfer the project to the third party without obtaining the prior written consent from two-third of the allottees and prior written approval from the concerned RERA Authority.

What if builder does not have occupation certificate for the project?

There are such no. of cases wherein Builder does not have OC but they are offering the possession to the Home-buyers; even knowing the fact that this is an illegal act.

UPRERA: Health Audits of under constructed Real Estate Projects

Development Authority officials and directions has been given to them to conduct the health audit of all unfinished projects, the main purpose of this audit is to find out the reason behind the stalled projects.