Real Estate, being one of the largest sectors in India has grown rapidly in the past decades. While, this sector has become a multi-billion-dollar industry with thousands of new projects being registered every year, it has also witnessed numerous problems and real estate scams.

The Real Estate (Regulation and Development) Act (RERA) was enacted in 2016 to bring accountability and transparency in the Real Estate Industry with strict and fair rules. The act aims to attain transparency by requiring the Brokers, Real Estate Agents, Promoters, and Builders to officially register themselves and their projects under the Act.

Some of the regulations made under RERA to secure interests of parties are as follows:

• Compulsory registration of projects with complete details about the project such as project title, saleable area, carpet area, location, approximate date of completion of project etc. under the Act;
• Deposit of investments and advance payments made by the buyers in a separate bank account (escrow account);
• Provision of return of payments made by buyers along with interest OR payment of interest for every month for the delayed period, in case of failure of completion of project by the agreed-upon deadline;
• Formation of a RERA body in every state, i.e. SRERA (State Real Estate Regulation Authorities) to take care of the implementation of the Act and to decide complaints of buyers and investors;
• Establishment of Conciliation forums to deal with issues between buyers and promoters without involving court cases and all the paperwork.

We are one of the best law firms to provide our clients with comprehensive legal service in the field of RERA

Our services in this sector are inclusive of Registration of Projects, Real Estate Agents under RERA, filing of complaints before adjudicating authority against builder and Real Estate company under section 31 of RERA, defending Real Estate company before adjudicating authority/ regulatory authority, drafting of builders-buyers agreement, filing and dealing with complaints before Consumer Forums, State Commission and National Commission, filing and dealing with writ petitions, appeals and SLPs before Supreme Court of India on behalf of buyers, buyers’ association, associations of Real Estate companies, CREDAI etc., filling and dealing with an appeal before Real Estate Appellate Tribunal under section 43 of RERA, execution of orders passed by Appellate Tribunal under section 57 of RERA, and filling and dealing with appeal to High Court under section 58 of RERA etc.