RERA holds little hope for homebuyers against builders5 min read 15 May 2018, 10:13 AM IST
While homebuyers looking for a remedy against developers' misdeeds are pinning their hopes on RERA provisions to protect them, the regulator is still finding its feet after just a year of existence
When Ankit Agarwal, an IT professional, booked a three-bedroom apartment in December 2006 in Ghaziabad, Uttar Pradesh, he had hoped to move into the house with his parents a couple of years later. He was based in Ghaziabad and his father sold off their only ancestral property in Haridwar to fund the apartment. A little more than 11 years later, he finds himself stuck in a string of legal cases because of his decision, and without a house of his own.