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RERA Act envisages provision to issue Recovery warrants in case builder/developer fails to comply with RERA Authority orders. Sec 40 of the RERA Act provided for Recovery of Interest or penalty or compensation and enforcement of order in Real Estate (Regulation and Development ) Act 2016. Sec 40 (1) enables RERA Authority to recover amount … Read more
Housing sector has finally got real estate regulatory mechanism to dissolve buyer-seller disputes. Every state is being directed to frame up rules and start enforcing RERA. Haryana has made an interim authority while Punjab has made a final authority. The aim is to bring transparency and accountability back to Real estate sector. Once the complaint … Read more
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