The proponent must provide complete and accurate details of the project, such as the status of the project, the equipment provided and other relevant details or executed projects that cannot be changed at a later date. If a rehabilitation project with project registration number is excessively delayed, can I file a complaint in accordance with the rera rules? Upon receipt of the notification, the organiser will inform the reason for the show of the reason why the RERA registration should not be revoked by the Authority. The implementation of RERA should facilitate home purchases, as owners are responsible for the timely delivery of projects and protect buyers from fraudulent sellers. Developers would also benefit from increased consumer trust in a regulated environment. Previous sales agreements were in such a format that home buyers were punished for every delay, but similar breaches by developers would not result in a penalty. But now, in accordance with RERA standards, a standard model sales contract must be concluded between developers and home buyers in order to ensure equality and protect buyers from various penalties and fees. The Confederation of Real Estate Investment Associations of India (CREDAI-Pune Metro) has stated that registration by the Real Estate Regulatory Authority (RERA) should not be mandatory for residential projects that have received a certificate of completion or occupation before the implementation of the RERA Act in Maharashtra. There have been several cases where developers have even gone so far as not to mention the date of possession in the agreement, which has resulted in psychological and financial trauma for home buyers. While the Maharashtra Real Estate Regulatory Authority (MahaRERA) took the issue seriously, in a recent ruling, it decreed the Skyline Construction Company, which repaid Rs 1.06 billion to actor Vrajesh Hirjee with a 10.55 percent stake for failing to ced the property and maintaining the empty date clause in the registered deal. In another case, Aparna Singh, who had acquired a dwelling in a residential project in Thane, was unable to benefit from an interest rate facility under section 18 of the Real Estate (Regulation and Development) Act (RERA) due to the absence of a date of possession in the contract of sale. In his case, the RERA court ordered the developer to pay him interest, although the date was not mentioned in the agreement.
Sulaiman Bhimani, an RTI activist and chairman of the Citizens Justice Forum, who has fought many cases related to this topic, says: “This is a ploy that has been taken up by developers to evade the laws by not mentioning the date. Now buyers can go to the Consumer Court or the RERA and file a complaint about the client`s promise or undue delay. “If the buyer is not satisfied with the order, he may contest it within 60 days before the Court of Appeal. . . .