Section 3 of the Real Estate (Regulation and Development) Act, 2016 generally known as RERA Act makes it compulsory for the real estate developers to register their project with the Real Estate Regulatory Authority (RERA). This prior registration of the project and builder with RERA is in favor of buyers and protects them against the corrupt practices of some builders. In some cases this registration can be revoked by the RERA based on the provisions laid under Section 7 of the RERA Act. The revocation of registration of a project can be detrimental to the buyers who have invested in the project. To protect the interest of buyers in such a case RERA Act has a remedy in form of Section 8, whereby RERA may consult with the appropriate government to take action for carrying out the remaining development in the project. A detailed analysis of Section 7 and Section 8 of RERA Act is enumerated below.
EC and CC are the Encumbrance Certificate and Completion certificate.»Proceed