Real Estate (Regulation and Development) Act, 2016 (RERA) seeks to provide uniform laws throughout the country, for protecting the interest of home buyers and seeks to increase transparency in the functioning of construction companies and reduce the chances of default or misappropriation of funds by Builders.
Consumer Protection Act, 1986 (CPA) was enacted to provide speedy Redressal mechanism to "CONSUMERS" who alleged Unfair Trade Practice or Deficiency with respect to Goods or Services – home buyers were also included within the purview of the Act by interpreting the word "Services" under the Act to include constru.... Read full article
Buying Home is a pleasant event for every person and owning a beautiful Home might be the biggest dream of their life. A person invests his hard earned money to get a shelter for his family but at times all these dreams are shattered.
In today’s world, every home buyer has apprehension of being cheated by the unscrupulous builders and cases of cheating, fraud etc. are piling-up day by day. The poor home buyer is not sure whether after paying the amount to the builder, he will get the property and also if it is going to be allotted on time and of good quality. Smart Buyers should know what all remedies are available to help him in their time of difficulty. Sensing the difficulties faced by home buyers, the Government has taken adequate measures to their rescue. However, at times a.... Read full article
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