In India, builders and developers must comply with numerous rules and regulations, including:
1. Structural defects and building by-laws
4. RERA (Real Estate Regulatory Authority) Act and Rules
Violating these norms can lead to legal consequences, including:
1. Fines and penalties
2. Project delays or stoppages
3. Legal action by homebuyers
4. Damage to reputation
RERA is a prominent and accountable norm for builders and developers, aiming to:
1. Ensure transparency
2. Protect homebuyers' interests
3. Regulate the real estate sector
To navigate these complex regulations, it's essential to consult a real estate attorney who can provide expert guidance and representation.
Some key aspects of RERA include:
1. Project registration
2. Disclosure of project details
3. Adherence to timelines
4. Quality of construction
5. Grievance redressal
Remember, compliance with RERA and other regulations is crucial for builders and developers to avoid legal issues and ensure a smooth project execution.
Best Wishes
RERA Legal Services in Bangalore | Technical & Environmental due diligence || Sarve Permits
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Western India - Maharashtra
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South India - Karnataka & Tamilnadu
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