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RERA project warranties: Extent of coverage

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RERA project warranties: Extent of coverage

Last updated: March 12 2020
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  • #11

    #11

    Re : RERA project warranties: Extent of coverage

    doorbell1 Yes, you can say so but things are changing for sure.
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    • #12

      #12

      Re : RERA project warranties: Extent of coverage

      Some premium real estate developers also give out extended warranties by as much as two years, in total for 7 years, at a nominal expense.
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      • #13

        #13

        Re : RERA project warranties: Extent of coverage

        What all things are covered under the project warranty?

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        • #14

          #14

          Re : RERA project warranties: Extent of coverage

          Project warranties cover repair work, re-fixing of fittings or fixtures with manufacturing defects, leakages, etc.
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          • #15

            #15

            Re : RERA project warranties: Extent of coverage

            Malvish I think that is the least that developers can do for buyers.

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            • #16

              #16

              Re : RERA project warranties: Extent of coverage

              doorbell1 Yes, these things should be taken care of builders as an industry norm. Also, the project extended warranty (around 2 years beyond the regular 5 year warranty) includes an annual preventive maintenance at a nominal cost that provides carpenters, electricians and plumbers round the clock.
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              • #17

                #17

                Re : RERA project warranties: Extent of coverage

                Malvish thanks! I hope the nominal cost is nominal in reality and worth it. Also, what all things are not covered in real estate, or, project warranties?
                Last edited February 19 2020, 07:15 PM.

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                • #18

                  #18

                  Re : RERA project warranties: Extent of coverage

                  Though RERA is trying to ensure that builders follow the norms, there are many who don't follow the regulations and besides, there are many loopholes affecting home buyers later on. For instance, builder warranties don't cover damages caused by vandals, riots, animals, or airplanes, or those termed as ‘acts of God’.
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                  • #19

                    #19

                    Re : RERA project warranties: Extent of coverage

                    Builder warranty does not include damage caused by pre-fit home appliances or equipment.

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                    • #20

                      #20

                      Re : RERA project warranties: Extent of coverage

                      movedin you are right. Home buyers should read the clauses in the agreement carefully and take note of all the exclusions when cosidering real estate warranties.
                      Last edited February 29 2020, 10:32 AM.
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