RERA Violation in Property: Hidden Risks Every Buyer Must Know!
Are you planning to buy a property? Think again if it's not RERA-registered. RERA (Real Estate Regulatory Authority) was introduced to bring transparency, accountability, and consumer protection to India’s real estate market. Ignoring RERA compliance can lead to financial loss, legal issues, and endless delays.
What is RERA Violation?
A property is considered in RERA violation if:
- It’s not registered under RERA (as mandated for projects >500 sq.m. or 8 units).
- The developer delays possession beyond the registered deadline.
- There are changes in project layout or specifications without buyer consent.
- It lacks approvals or violates construction norms.
Risks of Buying RERA-Violated Properties
- Possession Delays:
No legal timelines or penalties for the builder = endless waiting. - Legal Disputes:
Buyers cannot seek relief under RERA Tribunal = costly court battles. - Hidden Charges & Changes:
Layouts, amenities, or carpet area may change without notice. - No Refunds or Compensation:
In absence of registration, refund clauses become weak and unenforceable. - Loan Rejection:
Banks/NBFCs may refuse home loans on non-RERA properties. - Resale Hurdles:
Future buyers may demand RERA clearance = low liquidity.
Common Red Flags of RERA-Violated Projects
- No project ID on builder’s brochure or site.
- Inconsistent carpet area calculations.
- Discrepancy in project name vs. RERA portal listing.
- Missing Occupancy Certificate (OC) or Completion Certificate.
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