September 2017 \ Interviews \ REAL ESTATE: ASSOTECH
“RERA and GST are landmark laws”

Consulting Editor Yogesh Sood speaks with Assotech Realty’s MD Mr Neeraj Gulati

How RERA secures consumers’ interests and empowers them?

As per the RERA rules, the consumer is entitled to receive information about the sanctioned plan, approved layout plan, stage-wise progress of the project, carpet area and facilitation of basic amenities and services such as drinking water, electricity, sanitation etc. The consumers can claim possession of the unit and the association of consumers can collectively claim possession of the common areas as declared by the real estate developer. In case the real estate developer fails to meet the timeline or does not deliver what was promised then the consumer has the right to claim refund of amount paid with prescribed interest and compensation for the same.