Real Estate

The Real Estate (Regulation and Development) Act, 2016 (RERA) was introduced to address several key challenges in the Indian real estate sector. such as lack of transparency, delays in project completion, lack of standardization, exploitation of home buyers. However, a landmark legislation passed in 2016 aims to change all that – the Real Estate (Regulation and Development) Act (“RERA”).

The Real Estate (Regulation and Development) Act, 2016 (RERA) was enacted to improve the Indian real estate sector by fostering transparency, accountability, and efficiency in property transactions. Its core objectives include safeguarding homebuyers’ interests by requiring developers to register their projects and provide crucial information, thereby preventing exploitation. RERA also seeks to ensure timely project completion by imposing penalties on developers for delays, which helps build trust within the sector. Furthermore, it establishes a robust grievance redressal system through Real Estate Regulatory Authorities and Appellate Tribunals, thereby promoting a standardized regulatory framework that encourages growth and investment in real estate.

Since its implementation, RERA has brought a significant transformationin the real estate sector.RERA has reshaped the Indian real estate sector by implementing a comprehensive framework that promotes transparency, accountability, and consumer protection. A significant change introduced by RERA is the requirement for developers to register their projects, which includes disclosing information about timelines, approvals, and financial aspects. This initiative has cultivated a transparent environment, empowering homebuyers to make well-informed choices. Furthermore, RERA establishes stringent deadlines for project completion and enforces penalties for any delays, which helps mitigate project overruns and fosters trust between developers and buyers. The formation of RERA authorities has also streamlined the process for resolving disputes, enabling faster resolution of consumer grievances and enhancing overall confidence in the market. Moreover, RERA has not only strengthened the regulatory framework but has also encouraged equitable practices in the industry, making real estate investments more secure and appealing for buyers and investors.

Our Expertise

Our expert team has extensive knowledge and experience in handling RERA matters before various forums. We have been providing active support and representation before the RERA authorities and are dedicated to advocating for homebuyers seeking compensation for delayed possession of their properties and also seeking compensation for lack of services by the developer. We assist clients in filing complaints against developers, ensuring their rights are upheld under the provisions of the RERA Act, which includes, claim of interest for every month of delay until possession is granted. Our team provides comprehensive legal guidance, helping homebuyers navigate the complexities of the RERA process and effectively articulate their grievances. We represent clients in hearings, presenting strong arguments to secure favourable outcomes, including interest claims for delayed possession. By ensuring that homebuyers are informed of their rights and the legal recourse available to them, we strive to foster a fair and transparent real estate environment, empowering clients to seek justice and compensation for any undue delays or lack of services caused on the part of developers.

Our expertise includes helping homebuyers file complaints against developers for issues such as delayed possession, false advertising, lack in services and ensuring their rights are protected. We at ORTIS also aid developers in filing complaints against buyers or agents as per RERA rules. Additionally, we also provide legal opinions and guidance on RERA regulations and their implications, ensuring compliance. Our services also involve drafting RERA-compliant, sale agreements and other legal documents, as well as representing clients in RERA courts, appellate tribunals, civil courts, consumer courts, and high courts. We provide strategic legal arguments to ensure favourable outcomes for the clients.