What are the rights of the allottees under the Real Estate (Regulation & Development) Act, 2016?
CS Executive · Economic, Business and Commercial Laws · PYQS · June 2022
What are the rights of the allottees under the Real Estate (Regulation & Development) Act, 2016?
Answer & Explanation:
Section 19 of the Real Estate (Regulation and Development) Act, 2016 provides for the various rights of the allottees as follows: Right to obtain information relating to sanctioned plans, layout plans, etc.: The allottee shall be entitled to obtain the information relating to sanctioned plans, layout plans along with the specifications, approved by the competent authority, and other information as per the Act or the agreement for sale signed with the promoter. Right to know stage-wise time schedule of completion of the project: The allottee shall be entitled to know the stage-wise time schedule of completion of the project, including the provisions for water, sanitation, electricity, and other amenities and services as agreed to between the promoter and the allottee in accordance with the terms and conditions of the agreement for sale. Right to claim possession: The allottee shall be entitled to claim the possession of an apartment, plot, or building. The association of allottees shall be entitled to claim the possession of the common areas. Right claim refund, interest, and compensation: The allottee shall be entitled to claim a refund with interest and compensation from the promoter if the promoter fails to comply or is unable to give possession of the apartment, plot, or building. Right to have the necessary documents and plans: The allottee shall be entitled to have the necessary documents and plans, including that of common areas, after handing over the physical possession of the apartment or plot or building by the promoter.
Topics: Commercial Laws
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