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Plots without RERA registered

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Plots without RERA registered

Last updated: March 20 2020
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  • Plots without RERA registered

    What happens if I buy the Plots without registered in RERA but CMDA approved? Is it still safe for residential use and can I get loan future to construct home?
  • #2

    #2

    Re : Plots without RERA registered

    It is compulsory for projects to be registered under RERA for the benefit of home buyers and to safeguard their interests. However, there can be projects that are not registered under RERA for several reasons. The problem arises when the home buyer buys in an unregistered project and finds discrepancies or is cheated at some point of time. In such an event buyers may find it difficult to resolve their issues as they would not be legally protected for buying in an unregistered project. Though RERA will still look into the matter, it would be a weak case against the builder for lack of necessary documents.

    So it may not necessarily cause a problem if you buy a property that is not registered under RERA if it is legal and there are no discrepancies. However, if the property finds itself amidst legal issues in future, you would find it difficult to file a case and get the desired results.
    Talk TRUE; Talk IREF

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    • dhana.kds89
      dhana.kds89 commented
      Editing a comment
      Thankyou for the response.
  • #3

    #3

    Re : Plots without RERA registered

    dhana.kds89 also, try not to buy in projects that are not registered under RERA and if for some reason you still feel like buying in such a project, do enquire on why they haven't registered under RERA. Their reply should give you a clearer picture to help make a decision.
    Talk TRUE; Talk IREF

    Comment


    • dhana.kds89
      dhana.kds89 commented
      Editing a comment
      Sute. I will ask them.
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