Varun Singh, Founder & Managing Partner, Foresight Law Offices India: Penalty for violating statutory norms is a welcome step from the point of view of homebuyers. However, to ensure there is 100% regulatory compliance, it’s important that rera extends the penalty to its highest amount for aggravated conduct of builders. The decision reinstates the essence of RERA and also strengthens the trust of homebuyers on the RERA Authorities against the injustices of builders. This judgement also recognises the fact that how homebuyers should be vigilant and undertake due-diligence about the project and its registration before signing their money off to the builders.
Advocate Varun Singh, Founder and Managing Partner at Foresight Law Offices, has been quoted in The Economic Times, sharing his insights on delayed construction in a non-RERA-compliant project. As per a recent Telangana RERA order, homebuyers are entitled to a refund with 11% interest from the builder.
Read the full article in The Economic Times. – Read More
