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Pooja Acharya
posted on 10 MayBroker buying in GN: RERA's real power?
RERA compliance isn't just a formality, it's your only shield. For Earthcon's Rehouse Krishna Orchid, what specific RERA red flags should I check? What are actual legal options if a Greater Noida builder delays possession?
#rera-compliance#greater-noida#builder-delay#legal-checks
Comments
Dekho, RERA apni jagah sahi hai, aur usne kaafi transparency laayi hai. But, as first-time buyers, we need to be extra cautious. Sirf RERA registration dekhke mat book karo. Builder ka past record, financial stability, aur completion history bhi check karo. Sometimes, even with RERA, the legal process is lengthy and tiring. What's the latest status on Earthcon Rehouse Krishna Orchid, has anyone checked recently on the RERA portal?
Exactly, due diligence is key. OP ne jo sawal pooche the, unka kya hua? Did you find out more about the specific red flags for Earthcon or have you decided on any legal steps?
Is time pe Greater Noida mein market conditions kaisi hain? Kya builders ki delays sirf financial reasons ki wajah se hain ya kuch aur bhi chal raha hai?
Haan, sahi keh rahe ho. Construction cost bahut badh gayi hai. Builder ka margin kam ho gaya hai.
Market conditions ka bhi impact hai, no doubt. Post-COVID, raw material costs bahut badh gaye hain, labour shortages bhi ek issue hai. Plus, many builders face liquidity crunch. Bank funding bhi pehle jaisa easy nahi raha. Isliye, even RERA registered projects mein bhi delays common ho gaye hain, especially smaller builders ke liye. Bade aur financially strong builders hi time pe deliver kar pa rahe hain.
Meri toh personal experience bahut kharab rahi hai. Maine 2018 mein ek project book kiya tha Alpha I Greater Noida mein, possession 2021 mein milna tha. Abhi tak basement tak nahi bana hai. RERA complaint file ki hai, dates pe dates mil rahi hain. Builder kehta hai financial issues hain, approval delays hain. Pehle toh badi badi baatein karte hain, baad mein sab bhool jaate hain. Ab lagta hai ki paise barbaad ho gaye. Kaash tab RERA ko aur seriously liya hota aur builder ka background check kiya hota.
Uff, that's terrible! Toh ab kya aapko possession mila ya compensation ka kuch hua? Ye sunke toh aur nervous ho gaya hoon main.
Aapki baat sunke darr lag raha hai. Ajayabpur mein bhi mere relatives ka yahi haal hai. Builders ka koi bharosa nahi.
Totally agree with the OP. Mera bhi yahi haal hai, budget-conscious hone ke naate har cheez double check karni padti hai. Builder delay kare toh humare paas actual legal options kya hain Greater Noida mein? Kya sirf RERA complaint file karna kaafi hota hai ya aur bhi kuch karna padta hai? Sirf interest on delay milta hai ya principal amount bhi wapas mil sakta hai?
Order toh mil jaata hai, but execution bahut tough hai. Maine bhi ek builder ke against RERA mein case kiya tha. Order toh aa gaya, but builder ne paise dene mein itna time lagaya ki meri toh himmat hi toot gayi thi. Lawyers ke chakkar mein aur kharcha hota hai. So be prepared for a long haul.
Legal options toh hain, but it's a long battle. RERA ke तहत aap complaint file kar sakte ho. Aap ya toh possession mein delay ke liye interest maang sakte ho (jo ki generally MCLR + 2% hota hai), ya phir project se withdraw karke apna poora invested amount interest ke saath wapas maang sakte ho. But dhyan rahe, agar builder financially weak hai, toh order milne ke baad bhi paisa nikalwana mushkil ho sakta hai. Mere ek friend ka Alpha II mein aisa hi hua tha.
Bhai, exactly my thoughts! RERA ke bina toh builder log jo chahe karte hain. Earthcon's Rehouse Krishna Orchid sounds good on paper, but I'm super nervous. Kya specific RERA red flags hote hain jo check karne chahiye? Like, unki completion date, sanctioned plan, ya funds ka use? Noida mein already itne projects फंसे हुए हैं, darr lagta hai ki mera paisa bhi na doob jaye. Koi batao kya kya documents aur details maangne chahiye?
Haan bilkul! Ye builders toh date pe date dete rehte hain. RERA ke naam pe bas formality karte hain kai baar. Hum jaise first-time buyers ka toh bura haal hai.
Sahi kaha aapne. Earthcon ka track record mixed raha hai. Rehouse Krishna Orchid ke liye, sabse pehle RERA website pe project ka registration number daalo. Check karo ki builder ne har quarter mein progress reports upload ki hain ya nahi. Aur sabse important, jo completion date website pe dikh rahi hai, woh original commitment se match karti hai ya nahi. Agar delay alerts ya penalty details nahi dikh rahi, toh red flag hai.