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Home / Legal / What is Section 8 of RERA Act?
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What is Section 8 of RERA Act?

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3 2024-01-12T20:09:21+00:00
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According to Section 8 of

RERA Act or

Real Estate (Regulation and Development) Act, 2016, if the registration of a real estate project is revoked or has lapsed due to the failure of the promoter to complete the project or any other reason, the real estate regulatory authority (RERA) shall take necessary action to facilitate the refund of the amounts paid by the allottees along with interest

.

 

The clause was added in order to protect home buyers in case the promoter fails to finish the project or their project is revoked. RERA has the authority to intervene and help home buyers get their money back along with the interest amount.

This is the brief about

section 8 RERA. Let me know if you have any more questions.

Get in Touch with Legal Expert to Know More About RERA Act Read more: What is Section 18 of RERA Act Check out NoBroker Legal services to verify property title, draft sale agreement, deeds, property registration and more

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Advocate Apurva

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