Latest Real Estate News Delhi, India - Real Estate market in india

RERA complaint

Despite RERA, one-fifth of home buyers prefer refund, says Magicbricks

– 72% buyers want to file RERA complaint for delay in possession -19% home buyers would prefer a refund in case of delayed possession Ever since it was formed two years ago, Real Estate (Development and Regulation) Act 2016, (RERA) has brought in a ray of hope and is the first choice for home buyers when it comes to fighting inordinate delays in possession of their flats but significantly one out of five home buyers still prefer a refund in case of delays, revealed a Magicbricks Consumer Poll. According to the poll by Magicbricks, India’s No. 1 property site, 72% home buyers would like to file a RERA complaint in case of delay in possession while 19% would like to ask for a refund and just 10% would like to wait for possession if the project gets delayed. “In the last two years, RERA...

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