Rules related to parking under RERA

TO READ IN MARATHI

RERA or the Real Estate Regulatory Authority is an important legislation in India that was introduced to regulate the real estate sector in the country. One of the key mandates of RERA is to ensure that builders and developers provide adequate parking spaces in their real estate projects.

According to Section 4(2) of the RERA Act, the promoter or builder is required to provide details of the number of parking areas in the real estate project, including details of the common parking areas. This information must be provided at the time of registration of the project with the regulatory authority.

The builder must also disclose the location of the parking areas and whether they are covered or open. This is to ensure that home buyers have complete information about the parking facilities available in the project before they make a decision to invest in it.

If the builder sells parking spaces to buyers, then the RERA Act mandates that the builder must register the sale of the parking space as a separate unit with the regulatory authority. The builder must also provide the buyer with a separate allotment letter for the parking space. This is to ensure that the buyer has complete ownership and control over the parking space that they have purchased.

It is important to note that if the builder violates any of the provisions of the RERA Act related to parking spaces, home buyers can file a complaint with the regulatory authority. This is an important safeguard that ensures that builders and developers adhere to the rules and regulations related to parking spaces and other amenities in their real estate projects.

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Rera Parking Rules:

Handover of parking spaces: The builder must handover the parking space to the buyer at the time of possession. If the builder fails to do so, the buyer can seek compensation under RERA.

Compensation for illegal sale of parking spaces: If the builder sells parking spaces illegally, the buyer can file a complaint with the Maharashtra Real Estate Regulatory Authority (MahaRERA) seeking compensation. The compensation can be in the form of a refund of the amount paid for the parking space, along with interest, or the builder may be required to provide an alternative parking space to the buyer.

In conclusion, the RERA Act provides clear guidelines and regulations related to parking spaces in real estate projects. Builders and developers must comply with these regulations to ensure that home buyers have complete information about the parking facilities available in the project and that they are provided with adequate parking spaces. Home buyers, on their part, must be aware of their rights and should file a complaint with the regulatory authority if they feel that the builder has violated any of the provisions related to parking spaces.

For more information related to the Rera parking rules, contact us at www.dearsociety.in.

RERA: A Legal Remedy for Societies and Flat Buyers to Tackle Real Estate Challenges

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