LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

56% of home buyers prefer state RERA regulators to file complaints against builders

More than half of home buyers prefer to file their complaints against builders with real estate regulators established under the RERA Act that came into force in May 2017, according to realty portal Magicbricks' consumer survey. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
56% of home buyers prefer state RERA regulators to file complaints against builders
While 56 per cent of respondents prefer the RERA regulator in case of a dispute, 23 per cent still prefer to file their first complaint with the builder. Image source: Reuters
Written By: PTI
Updated: Mon, Nov 26, 2018
09:18 pm
PTI
RELATED NEWS
Does the new SC order brings respite for Jaypee Infratech's homebuyers? Does the new SC order brings respite for Jaypee Infratech's homebuyers?
New home launches drop by 22% in eight cities in Q2FY17; Kolkata worst performer New home launches drop by 22% in eight cities in Q2FY17; Kolkata worst performer
Few days left for registration under RERA Act; Are builders ready? Few days left for registration under RERA Act; Are builders ready?
RERA Impact: Lack of funds force small developers to partner with larger players to execute stalled projects RERA Impact: Lack of funds force small developers to partner with larger players to execute stalled projects
Bi-Monthly monetary policy: RBI pushes for affordable housing but will interest rates come down? Bi-Monthly monetary policy: RBI pushes for affordable housing but will interest rates come down?

More than half of home buyers prefer to file their complaints against builders with real estate regulators established under the RERA Act that came into force in May 2017, according to realty portal Magicbricks' consumer survey. The Real Estate (Development and Regulation) Act 2016, (RERA) has been able to instill faith and confidence among consumers, the portal feels.

While 56 per cent of respondents prefer the RERA regulator in case of a dispute, 23 per cent still prefer to file their first complaint with the builder. Around 12 per cent home buyers said that they would go to consumer courts. Just 7 per cent chose to go to the police and 2 per cent would either go to the High Court or the Supreme Court.

Magicbricks also spoke to RERA regulators from Gurgaon, Uttar Pradesh, Madhya Pradesh, Delhi and Uttarakhand, who have been flooded with complaints from consumers. K K Khandelwal, RERA Regulator Haryana, said 1,800 complaints have been filed so far and still they are receiving 15-20 complaints daily.

For Uttar Pradesh (UP) RERA regulator Rajive Kumar, there was a backlog of 8,100 complaints, of which 2,200 have been disposed of. He expects that by January 2019 all pending complaints would be addressed, the statement said.

Madhya Pradesh regulator Anthony de Sa is trying to ensure that all complaints have their first hearing within 30 days. In Uttarakhand, Regulator Vishnu Kumar has 266 complaints in 225 registered projects.
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
RERA Act
RELATED NEWS
Does the new SC order brings respite for Jaypee Infratech's homebuyers? Does the new SC order brings respite for Jaypee Infratech's homebuyers?
New home launches drop by 22% in eight cities in Q2FY17; Kolkata worst performer New home launches drop by 22% in eight cities in Q2FY17; Kolkata worst performer
Few days left for registration under RERA Act; Are builders ready? Few days left for registration under RERA Act; Are builders ready?
RERA Impact: Lack of funds force small developers to partner with larger players to execute stalled projects RERA Impact: Lack of funds force small developers to partner with larger players to execute stalled projects
Bi-Monthly monetary policy: RBI pushes for affordable housing but will interest rates come down? Bi-Monthly monetary policy: RBI pushes for affordable housing but will interest rates come down?

LATEST NEWS

SAIL share price: Anand Rathi initiates coverage with BUY recommendation and a target price of Rs 94 per share

Mid-cap Stock Picks With Anil Singhvi: Expert Sacchitanand Uttekar suggests these three fabulous stocks to make great gains

SBI SME Gold Loan: Get this SBI business loan up to RS 50 lakh at 'attractive' rate without any financial document

PUBG Mobile 1.3 beta update: APK download link for global version - Check all details here!

Yes Bank Share price: This is what Choice Broking highlights

Car sector seeks more UK government support as output tumbles

In Chat with Anil Singhvi, Affle India MD says company has improved margin on quarter-on quarter basis, justifies dilution of stake in company

Stocks to Buy With Anil Singhvi: Lumax Auto Technologies is a top pick for Sandeep Jain today | Money Making Tip

World's BIGGEST Music Reality Show! Zee brings Indian Pro Music League today with Salman Khan as brand ambassador

Ind vs Eng: Special feeling to play in front of my home crowd, says Axar

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved