Before finalising an investment in resale property, I consulted with a property expert about is RERA applicable for resale flats or not and learnt it is. RERA is applicable for both new and resale properties, and I believe that is a good thing. You must know that RERA ensures transparency and protects the rights of the buyers mainly. The seller is bound to provide all necessary details, including approvals and the flat's layout, making the process more reliable. So if you face any issues, you can even file a complaint with the RERA.
Is It Safe to Buy a Flat Without RERA?
Buying a flat without RERA can be risky, and I wouldn’t recommend it. Without RERA, there’s no assurance of transparency, making it harder to verify approvals or legalities. You may also face delays or hidden issues without a proper grievance redressal mechanism.
Before buying any property, make sure that you:
Check all legal documents: Ensure clear titles, approvals, and building permits are in place.
Due diligence: Verify the developer's reputation and the flat’s history to avoid disputes.
Seek expert advice: Consult a property lawyer or advisor to be sure that your investment will be risk-free.
I hope I have answered your query well.
For Any RERA-related Query, Consult with the Experienced Advocates of NoBrokerRead More:
What is the Difference Between RERA Registered and RERA-Approved Projects?
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Authors Of The Question
Is RERA Applicable for Resale Flat?
Pragya
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1 Answers
34 days
2024-11-29T09:16:32+00:00 2024-12-02T01:01:46+00:00Comment
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