Can older projects benefit from RERA?4 min read 24 May 2017, 04:25 PM IST
The new Real Estate Act cannot help if disputes involve projects that were completed before 1 May 2017
We are yet to get possession of our house, lot of work is still pending in the project, but we are not sure whether the project will get covered under the Real Estate (regulation and development) Act, 2016 (RERA), said Pradip Rahi, 32, president, Ramprastha City Welfare Association (RPCWA), who had purchased a house in Ramprastha Group’s ‘Atrium’ in Gurgaon in 2009. The project is already around 5 years late. Rahi, along with about 200 homebuyers, protested at Ramprastha’s Gurgaon office on 13 May against the delay in getting possession and demanded to meet higher management for answers. But the company did not pay heed to their request. Later, some homebuyers visited the local police station and filed a complaint against the developer under cheating, criminal breach of trust and some more provisions of the Indian Penal Code. We tried to contact Ramprastha, but emails sent to the company remained unanswered till the time of going to print.