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Society redevelopment agreements, consents and members’ rights.
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Its most useful features are practical ones: seventy per cent of collections must sit in a separate account, the carpet area must be stated honestly, and interest for delayed possession is payable at the same rate the builder would have charged you for a delayed payment.
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Bringing these to the first consultation saves a hearing later.
Every matter differs, but most follow roughly this sequence.
The RERA registration number is checked on the state authority’s portal, along with the declared completion date and the approvals filed.
A written demand for possession, interest or refund, which fixes the record before the complaint is filed.
Filed online with the prescribed fee. The authority is required to dispose of it within sixty days, though practice varies between states.
Orders directing interest or refund are executed as a decree. Appeal lies to the Appellate Tribunal within sixty days.
More specific matters handled under Real Estate / RERA.
Complaints against a promoter before the state RERA authority.
Disputes arising from the agreement you signed with the builder.
Interest for every month of delay, or refund with interest.
Withdrawing from a stalled project and recovering what you paid.
Verifying a project’s approvals and title before you book.
Residential and commercial leases, drafted and registered.
Formation, conveyance, and disputes with the managing committee.
RERA prescribes the same rate the promoter would charge you for a delayed payment — in most states the SBI highest marginal cost of lending rate plus two per cent. The rate has to be reciprocal, so a lower rate written into the agreement is unenforceable.
Yes. Where the promoter fails to give possession by the agreed date, Section 18 lets you either withdraw and claim a full refund with interest and compensation, or stay in the project and claim interest for each month of delay.
Registration is compulsory for projects over five hundred square metres or eight apartments that were ongoing or launched after the Act came into force in your state. Completed projects that had an occupancy certificate before that date fall outside it, though a consumer complaint remains available.
RERA is faster and specialised for possession, refund and interest. Consumer forums remain useful for compensation claims and for projects outside RERA. You cannot pursue the same relief in both at the same time.