R
Ravi Rao
posted on 10 MayGurugram RERA: Real protection or just a formality?
Okay I'll say what no one says – Gurugram RERA is mostly eyewash for investors. Builder's legal track record and clear title verification are the *real* deal. Smartworld The Edition jaise projects bhi legal issues mein phans sakte hain. Change my mind.
#gurugram-rera#investor-advice#legal-due-diligence#builder-track-record#title-verification
Comments
Haan yaar, the OP has a point. I've been following the Indi
But isn't RERA supposed to protect us from these delays? What exactly *is* its power then if builders can just ignore it?
Sahi kaha, U6. RERA ensures projects are registered and financial details are somewhat transparent. But it doesn't guarantee the builder's financial stability or ethical practices. That's why the OP said legal track record and clear title verification are crucial. RERA is a layer of protection, not the only one.
U3, RERA *is* supposed to protect. It mandates timely delivery, keeps 70% of funds in an escrow account, and gives buyers a platform. But its power is often limited to imposing penalties and ordering compensation, which builders sometimes just factor into their costs or delay. It's more about transparency and a formal grievance redressal system than a magic bullet that forces immediate compliance. Enforcement is the real challenge.
Totally agree with the OP! RERA sounds good on paper but jab builder delivery delay karta hai, tab kaun sunta hai? My friend booked in a project near Badshahpur and the builder just keeps pushing dates, despite RERA registration. What's the point then?
U2, enforcement can take months, sometimes even a year if the builder goes to appeal. The RERA order is just the first step. You often need to file an execution petition with the civil court. It's a long process, so be prepared for that.
Exactly! My cousin had a similar issue with a project near Baharampur Naya. They got a RERA order for compensation, but builder ne delay kar diya payment mein. So, even if RERA rules in your favor, builder can still play games. How long does it typically take to get the RERA order enforced?