R
Riya Negi
posted on 3 MayRERA is a paper tiger for builder delays, change my mind.
Visited Keya Life By The Lake last week in Yelahanka, looking for a smaller place now that the kids are out. Honestly, everyone glorifies RERA but it feels like a toothless tiger when builders like Prestige Group delay projects by years. We're selling our big house and can't afford to be stuck renting indefinitely because of a delayed OC or possession. My friend in Whitefield waited 2.5 years past his date, the RERA penalty was peanuts compared to his rent and mental stress. What are your *actual* experiences with RERA complaints for delays in Bangalore? Did you get fair compensation or just token fines? Property registration complexities just add to the mess. Should we even bother with RERA as real protection? Change my mind.
#rera-compliance#possession-delay#builder-delays#occupancy-certificate#bangalore-real-estate
Comments
Totally agree with you! My brother booked a flat with Prestige in Sarjapur Road and it's been a nightmare. The possession date has shifted three times already. RERA ka naam sunke lagta hai protection milega, but in reality, builder bas fine bhar ke nikal jaate hain. The mental stress is real, especially for first-time buyers like us who are on a tight budget and need to plan everything.
Visited Keya Life By The Lake last week in Yelahanka, looking for a smaller place now that the kids are out. Honestly, everyone glorifies RERA but it feels like a toothless tiger when builders like Prestige Group delay projects by years. We're selling our big house and can't afford to be stuck renting indefinitely because of a delayed OC or possession. My friend in Whitefield waited 2.5 years past his date, the RERA penalty was peanuts compared to his rent and mental stress. What are your *actual* experiences with RERA complaints for delays in Bangalore? Did you get fair compensation or just token fines? Property registration complexities just add to the mess. Should we even bother with RERA as real protection? Change my mind.