Uniformity : According to the conditions of the RERA Registration, the company is accountable for all of the promises it made during project acquisition. If it is not followed appropriately, the owner also has the right to appeal to the broker or building company. The owner of the home is the recipient of duties from both the builder and the broker.
Accountability : The company is liable for all of its promises made during project takeover under the terms of the RERA Registration. In addition, the owner has the right to protest to the broker or construction business if it is not followed correctly. Both the builder and the broker have obligations to the home’s owner.
Transparency : The organization that is RERA-registered will be open and honest about every endeavor. The proprietor will be informed on a regular basis on the development of the project. Consequently, the construction company is required to comply by RERA Registration.
Legal status & benefits : The RERA Registration for either the project or the company offers legals status to the same. When a legal status is granted to an organization or a project, it becomes eligible for enjoyment of the benefits that are offered under the legislation governing such bodies.
Dispute/Grievance Resolution : The RERA Registration will also assist those working in this industry and registered to do so in resolving complaints resulting from projects. A distinct authority is instituted to settle disagreements between the involved parties.
Quality Assurance : Typically, builders promise quality up front then fall short of expectations. Therefore, in accordance with the RERA Registration, the builder has agreed to maintain any defects discovered by buyers throughout the five years of possession at no cost to the builder. Additionally, the builder will face consequences. This will guarantee that the builder maintains high standards and produces the desired outcome.
Tribunal institution : In an effort to better serve those who are dissatisfied with the directives and rulings made by the RERA Authority, the RERA also established an appeal tribunal. Therefore, the person who is harmed by the RERA authority’s decisions may file an additional appeal with the Appellate Tribunal.