RERA and Homebuyers’ Rights: Protecting Yourself in Real Estate Deals
Buying a home is a big investment, but real estate disputes are common. The Real Estate (Regulation and Development) Act (RERA) was introduced to protect homebuyers and ensure transparency.
Key Rights of Homebuyers Under RERA
- Right to timely possession of property
- Right to clear information about project approvals
- Right to compensation for delays
- Right to receive a refund if the builder fails to deliver
Common Real Estate Disputes
Delay in Possession
Builders not handing over homes on time.
False Promises
Project features not matching what was advertised.
Property Transfer Issues
Complications in registration or title.
How RERA Helps Homebuyers
RERA requires builders to register projects, disclose financial details, and ensure fair practices. Complaints can be filed with the RERA authority for quick redressal.
Why You Need a Real Estate Lawyer
A lawyer ensures your agreements are legally valid, helps you file RERA complaints, and protects your rights during disputes.
Conclusion: If you are facing issues with your property purchase, Truzie International Law Firm can help you take effective legal action.