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ARTICLE · 28 DECEMBER 2020

RERA v. NCDRC: Which Forum Should You Approach?

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The Parliament enacted the Real Estate (Regulation and Development) Act (RERA) in 2016, with the aim of protecting the rights and interests of consumers, along with the attainment of uniformity...

IndiaConsumer Protection
Amaresh Singh
Amaresh Singh
Rashi Arora
Rashi Arora
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The Parliament enacted the Real Estate (Regulation and Development) Act (RERA) in 2016, with the aim of protecting the rights and interests of consumers, along with the attainment of uniformity and standardization of business practices and transactions in the real estate sector. It, inter alia, endeavors to balance the interests of the consumers and promoters by imposing certain responsibilities on them. It seeks to establish a symmetry of information between the promoter on one hand and a purchaser on other, transparency of contractual conditions, setting up of minimum standards of accountability and a fast-track dispute resolution mechanism. The genesis of this creation has been of much interest and adulation in various sections of the society.

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