Will the anguished home buyer return to under-construction properties?

By Nibodh Shetty, Consultant – Research, Knight Frank India

The government has been trying hard to bring back buyer confidence for committing to under-construction properties by asking states to implement RERA, which would safeguard the buyer’s interests. Maharashtra has been the first state in India to have implemented RERA by notifying the Act, setting up a permanent authority and putting in place a functional portal which has been attending to grievances from all stakeholders.

Complaints*

Most of the complaints were pertaining to delay in possession of the flat and the buyers had issues with the revised deadline for the project mentioned on the RERA website. Few cases were pertaining to incorrect/incomplete information of the project on the RERA website and one case was pertaining to parking. Out of the 60 complaints, only 1 complaint till date was filed by a developer, rest all were filed by buyers.

For complaints filed by buyers





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