Rahul Sharma (name changed), a 30-year-old prospective homebuyer, recently visited a completed apartment project. During his visit, he noticed that the project did not display a Real Estate Regulatory Authority (RERA) registration number. When he inquired, the developer explained that no RERA registration was obtained because the project was neither marketed nor sold before receiving […]
Builders continue to ‘brazenly’ exploit homebuyers with project delays, fund mismanagement, and repeated violations of agreements, often under the watch of RERA authorities. The Supreme Court has repeatedly flagged such lapses, noting that despite having wide powers to investigate, penalize, and issue binding orders under the RERA Act, many authorities remain ‘passive spectators’. This raises […]
