Section 18 of RERA : Section 18: Return Of Amount And Compensation
RERA
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Explanation using Example
Imagine that Mr. Sharma books an apartment in a new housing project by XYZ Developers, which promises possession by December 2021 according to their sale agreement. However, December 2021 comes and goes, and the construction is far from complete. XYZ Developers have run into financial troubles and can no longer continue the project.
Under Section 18(1) of The Real Estate (Regulation and Development) Act, 2016, Mr. Sharma is entitled to two options:
- If he decides to withdraw from the proje...
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