RERA project registration, allottee dispute resolution, builder compliance, ongoing project obligations and Real Estate Regulatory Authority representation.
Short, direct, on the record.
Every real estate project where the land area exceeds 500 square metres or the number of apartments exceeds 8 must be registered with the state RERA authority before advertisement, marketing, booking or sale. Projects that have received completion certificate before RERA commencement are exempt.
Penalty of up to 10% of the estimated cost of the real estate project. Continued violation can attract imprisonment up to 3 years and further penalty up to 10% of the estimated project cost.
The Supreme Court in Imperia Structures (2020) held that the remedies under RERA and the Consumer Protection Act are concurrent. An allottee can choose the forum, but cannot pursue both simultaneously for the same relief.
The promoter must deposit 70% (or such percentage as prescribed by the state) of amounts received from allottees in a separate escrow account. Withdrawals are permitted only in proportion to project completion, certified by an engineer, architect and chartered accountant.
Share the project details, state and the specific compliance or dispute matter for a preliminary assessment.