A builder not refunding money is a serious issue. RERA offers specific remedies.
Understanding Your Right to Refund Under RERA
Section 18 of the RERA Act is pivotal. It states that if a promoter fails to complete or is unable to give possession of an apartment, plot, or building in accordance with the terms of the agreement for sale, or due to discontinuance of his business as a promoter on account of suspension or revocation of his registration, the allottee has the right to withdraw from the project. In such a case, the promoter shall return the amount received by him in respect of that apartment, plot, building, as the case may be, with interest at such rate as may be prescribed in this behalf including compensation.
Steps to Take When Builder Refuses Refund
- Legal Notice: Send a formal legal notice to the builder demanding the refund along with interest.
- File RERA Complaint: If the builder doesn’t comply, file a complaint with the respective state RERA authority.
- Provide Evidence: Submit all supporting documents like payment receipts, agreement, and correspondence.
How Rera Consultant Ashima Gupta Assists in Refund Cases
Rera Consultant Ashima Gupta specializes in handling refund cases. We assess the merits of your claim, draft compelling legal notices and RERA complaints, represent you before the authority, and pursue the execution of refund orders to ensure you get your money back.