I bought a flat on bank loan, the builder did not give possession on time, can I approach RERA?
SA Asked by Saurabh Pandey from India
Quick Answer
Yes, under Section 18 of the Real Estate (Regulation and Development) Act, 2016 (RERA), if the builder fails to give possession as per the agreement, you can approach the RERA authority of the state.
Detailed Legal Analysis
Yes, under Section 18 of the Real Estate (Regulation and Development) Act, 2016 (RERA), if the builder fails to give possession as per the agreement, you can approach the RERA authority of the state. You can claim a refund with interest or seek compensation for the delay.
The builder is also liable to pay interest for the period of delay under Section 18. You should file a complaint before the RERA authority with the builder-buyer agreement and proof of payments made.
RERA authorities are required to dispose of complaints within 60 days, and you can also appeal the order before the RERA appellate tribunal.
Disclaimer: AI-generated for educational purposes only. Does not constitute legal advice. Consult a qualified practitioner.