Homebuyers who face delays in the delivery of their flats often wonder what compensation they are legally entitled to. Tamil Nadu RERA provides clear monetary relief in such cases—primarily through interest payments. In certain circumstances, buyers may also be eligible for additional compensation. This post explains in simple terms how interest works under RERA, how […]
Compensation in RERA with Interest for Delayed Flats Read More »
Buying a home is one of the biggest financial and emotional investments a person makes. When a builder delays handing over the flat, the homebuyer is not just financially burdened but also mentally distressed. To protect the rights of such buyers, the Real Estate (Regulation and Development) Act, 2016 (RERA) was enacted. In Tamil Nadu,
Delay in Delivery of Flats: Compensation Under Tamil Nadu RERA Read More »
When real estate projects are delayed, buyers often turn to the RERA mechanism for relief. Developers, however, present various reasons to justify or excuse the delay. Some of these reasons are legally valid, while others are rejected by the authorities. This post provides homebuyers with a clear understanding of the most common defences used by
Delay in Delivery of Flats: Builders’ Defences in before RERA Read More »
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