Developers liable for any structural defect.
If a buyer finds any structural or workmanship defect within five years from date of being handed over the flat, then the developer will have to rectify it without any further charge. If he fails to do so then the buyer has the right to complaint against the developer to the RERA authority.
Developers are prohibited to make any changes in the sanctioned plan.
A buyer can also file a complaint against the developer if he make any additions and alterations in the sanctioned plans, layout plans and specifications and the nature of fixtures, fittings and amenities etc. without the previous consent of at least two-thirds of the allottees, other than the promoter, who have agreed to take apartments in a building.
Anti-Discriminatory Clause to prevent consumer discrimination.
The developer is not to restrict sale on the basis of caste or community. If he does so, the buyer has the right to file a cased against him to the RERA authority.
Penalty for project delays.
If a project gets delayed then the developer will be liable to pay the monthly interest on bank loans taken for under-construction flats.
Buyers can claim Possessions
The buyer can claim possession of the unit and the association of buyers can collectively claim possession of the common areas as declared by the real estate developer.
Promoters have to execute a registered conveyance deed.
The promoter have to execute a registered conveyance deed in favor of the allottee when sixty per cent of the total number of purchasers in a building or a wing, have paid the full consideration to the promoter or within three months from date of issue of occupancy certificate, whichever is earlier.