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- 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.CommentQuote1Flag
- @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.CommentQuote1Flag