Homebuyers report aberrant builders to Grahak Panchayat
The Mumbai Grahak Panchayat (MGP) recently conducted an online survey of homebuyers in the state, to find out on awareness regarding their rights and builders’ obligations under the newly enacted RERA Act. The survey focussed on two important issues; firstly, non-registration of ongoing real estate projects, and secondly, nonexecution of “agreement for sale” by builders despite accepting more than 10 per cent of flat’s cost from homebuyers. They received several complaints of which 707 were from homebuyers complaining about non-registration of projects while 640 complained of non-registration of sale agreement.
Out of 707 homebuyers, 374 — that is 53 per cent — have reported that their builder has not registered the ongoing real estate project with MahaRERA. Out of these 374 homebuyers, 233 had never earlier registered a complaint with MahaRERA over nonregistration of projects. Thirty-five per cent of 707 homebuyers, did not know that their ongoing projects were required to be registered with MahaRERA by the builder. Out of 707 buyers, almost 41 per cent did not know that for nonregistration
of the project, the builder can be penalised up to 10 per cent of the project’s cost under RERA Act.
Out of the other set of 640 homebuyers, 302 buyers have reported that in spite of paying more than 10 per cent of the flat’s cost, their builders