Builders in Bangalore: Raising Complaints

Last Updated at: January 09, 2020
386
Builders in Bangalore are accountable to property buyers as per the guidelines of the RERA Act. For those wondering how to raise complaints against builders in Bangalore,
Builders in Bangalore are accountable to property buyers as per the guidelines of the RERA Act.

Builders in Bangalore are accountable to property buyers as per the guidelines of the RERA Act. For those wondering how to raise complaints against builders in Bangalore, the RERA (Real Estate Regulation and Development) Act has been made applicable in the state of Karnataka since 2017. Hence to protect all commercial and residential properties in Bangalore, register them under the RERA Act.

Before we go into how to raise complaints with Karnataka RERA, let’s take a brief detour to discuss what is the RERA Act and what are some of its provisions and benefits.

What Is the RERA Act?

It is an act formed to create transparency and accountability in the real estate sector for the benefit of buyers and homeowners. Introduced in 2017, it was implemented in 14 States (including Bangalore).

Main Provisions of RERA Act

    • 70% of the payment received from the property buyer is deposited in a separate account by the respective property builder.
    • The property builder discloses all information about the project on the company website, as well as make regular updates.
    • The property value is assessed on the carpet area instead of the built-up area.
    • The RERA Act requires property builders to submit all original property plans and modifications (if any) to buyers. If there are delays, a 2% interest rate will be levied from the builder and seller, as per the marginal cost lending rate of State Bank Of India.
    • Up to 10% of the project cost is eligible for advance payment demands by builders.
    • Building defects need to be rectified within 30 days, during the first 5 years of its appearance.
    • Buyers are to report construction defects or damages within the 1’st year of taking ownership.
    • Violation of the RERA act can lead to severe punishment, in the form of imprisonment up to 3 years for builders and 1 year for agents/buyers.

Rera

Get Your Property Registered

Documents required to file RERA complaint

  • Payment receipts 
  • Project plans
  • Allotment letters
  • Builder-Buyer Agreement
  • Cheque details

Filing a complaint with Karnataka RERA

  1. Click on the following link http://rera.karnataka.gov.in/complaintForm – the RERA Complaint Registration Portal
  2. Enter your name, contact number, contact email id, and other required personal information.
  3. Fill in the details of the respondent against whom you want to register the complaint.
  4. Fill in the details about your complaint, and share the documents to support your claims.
  5. Pay Rs. 1000/- as application fee and upload the payment receipt or challan as proof of payment.
  6. Click on the ‘Declaration’ button to enter your complaint into the system.
  7. Note down the acknowledgment number of your complaint, for future reference. 

Get in touch with Vakilsearch property experts to help you file complaints with Karnataka RERA. 

0

Builders in Bangalore: Raising Complaints

386

Builders in Bangalore are accountable to property buyers as per the guidelines of the RERA Act. For those wondering how to raise complaints against builders in Bangalore, the RERA (Real Estate Regulation and Development) Act has been made applicable in the state of Karnataka since 2017. Hence to protect all commercial and residential properties in Bangalore, register them under the RERA Act.

Before we go into how to raise complaints with Karnataka RERA, let’s take a brief detour to discuss what is the RERA Act and what are some of its provisions and benefits.

What Is the RERA Act?

It is an act formed to create transparency and accountability in the real estate sector for the benefit of buyers and homeowners. Introduced in 2017, it was implemented in 14 States (including Bangalore).

Main Provisions of RERA Act

    • 70% of the payment received from the property buyer is deposited in a separate account by the respective property builder.
    • The property builder discloses all information about the project on the company website, as well as make regular updates.
    • The property value is assessed on the carpet area instead of the built-up area.
    • The RERA Act requires property builders to submit all original property plans and modifications (if any) to buyers. If there are delays, a 2% interest rate will be levied from the builder and seller, as per the marginal cost lending rate of State Bank Of India.
    • Up to 10% of the project cost is eligible for advance payment demands by builders.
    • Building defects need to be rectified within 30 days, during the first 5 years of its appearance.
    • Buyers are to report construction defects or damages within the 1’st year of taking ownership.
    • Violation of the RERA act can lead to severe punishment, in the form of imprisonment up to 3 years for builders and 1 year for agents/buyers.

Rera

Get Your Property Registered

Documents required to file RERA complaint

  • Payment receipts 
  • Project plans
  • Allotment letters
  • Builder-Buyer Agreement
  • Cheque details

Filing a complaint with Karnataka RERA

  1. Click on the following link http://rera.karnataka.gov.in/complaintForm – the RERA Complaint Registration Portal
  2. Enter your name, contact number, contact email id, and other required personal information.
  3. Fill in the details of the respondent against whom you want to register the complaint.
  4. Fill in the details about your complaint, and share the documents to support your claims.
  5. Pay Rs. 1000/- as application fee and upload the payment receipt or challan as proof of payment.
  6. Click on the ‘Declaration’ button to enter your complaint into the system.
  7. Note down the acknowledgment number of your complaint, for future reference. 

Get in touch with Vakilsearch property experts to help you file complaints with Karnataka RERA. 

0

FAQs

No FAQs found

Add a Question


No Record Found
SHARE
Senior Executive - Content in Vakilsearch