Out of 707 home buyers, 374 — that is 53 per cent — have reported that their builder has not registered the ongoing real estate project with MahaRERA.
The Mumbai Grahak Panchayat (MGP) recently conducted an online survey of home buyers in the state, to find out on awareness regarding their rights and builders' obligations under the newly enacted RERA Act. The survey focussed on two important issues; firstly, non-registration of ongoing real estate projects, and secondly, non-execution of "agreement for sale" by builders despite accepting more than 10 per cent of flat's cost from home-buyers. They received several complaints of which 707 were from home buyers complaining about non-registration of projects while 640 complained of non-registration of sale agreement.
Out of 707 home buyers, 374 — that is 53 per cent — have reported that their builder has not registered the ongoing real estate project with MahaRERA. Out of these 374 home buyers, 233 had never earlier registered a complaint with MahaRERA over nonregistration of projects. Thirty-five per cent of 707 home buyers, did not know that their ongoing projects were required to be registered with MahaRERA by the builder. Out of 707 buyers, almost 41 per cent did not know that for nonregistration of the project, the builder can be penalised up to 10 per cent of the project's cost under RERA Act.
Out of the other set of 640 home buyers, 302 buyers have reported that in spite of paying more than 10 per cent of the flat's cost, their builders have not executed the Agreement for Sale. Out of 640 home buyers as many as 376 home buyers (almost 56 per cent) did not know that the builder cannot accept more than 10 per cent of the flat's cost without executing the Agreement for Sale. Out of 640 buyers, 410 ( i.e. almost 61 per cent) did not know that for accepting more than 10 per cent of the flat's cost without executing the Agreement for Sale, the builder can be penalised up to 5 per cent of the project's cost under RERA Act.
Adv Shirish Deshpande, Chairman MGP said, "With the available data received from this online survey, MGP will now take up with MahaRERA the issue of non-registration of ongoing projects and will insist on slapping heavy penalties as provided under the RERA Act. The RERA Act provides for penalty up to 10 per cent of the project's cost, if the ongoing project, which did not have Commencement Certificate as on May 1, 2017, is not duly registered with MahaRERA."
He further added, "Based on the inputs received in this survey, MGP will also inform MahaRERA the list of builders, who have not executed the Agreements for Sale but have accepted more than 10 per cent of flat's cost from home buyers."
The online survey of home buyers, has made it clear that there is an urgent need to create widespread awareness about the home buyers' rights and builders' obligations under RERA.
EXTENT OF SURVEY
- The Mumbai Grahak Panchayat recently conducted an online survey of homebuyers in the state, to find out on awareness regarding their rights and builders’ obligations under the newly enacted RERA Act
- As many as 707 plaints were on non-registration of projects
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