Who Will Protect Home Buyers Better, RERA Or NCDRC?

After the establishment of the Real Estate (Regulation and Development) Act, wronged purchasers can either approach the Real Estate Regulatory Authority (RERA) or National Consumer Disputes Redressal Commission (NCDRC) for the recording of grumblings relating to land debates.

In recent times, the National Consumer Disputes Redressal Commission (NCDRC) has given several tough rulings against the developers and in favor of home buyers. Whereas the RERA is a single platform that can entertain all real estate development complaints, moreover, unlike the NCDRC, which will now entertain cases only if the claim is over Rs. One Crore and the plaintiff is a registered association (of aggrieved parties, such as allottees or purchasers).

The National Consumer Disputes Redressal Commission recently directed Gurgaon based developer, Three C Shelters Pvt. Ltd. to refund approximately Rs.12 crore to homebuyers, in view of “inordinate delay” in giving possession at its Greenpolis project in Gurgaon.

RERA: What and Why?