If you are facing any issues in your newly owned property. Don’t worry, your property comes with 5 years warranty as per the RERA Act. Clause 14.3. It means developer/promoter is responsible to correct any defect including the structural defect, plumbing issues, water leakage, seepage, wall dampening and many more.

It is the responsibility of home buyers to bring such issues in the notice of the developer. The home inspection report is a formal and structural way to bring such issues in the notice of the developers. Home inspection report includes a completed detailed and images of the issues which can be produced as proof.

It is mandatory for the developer/promoter to rectify such issues within 30 days without any extra charges. In the case of promoter failure to rectify such defect with 30 days. The property buyer entitled to receive appropriate compensation as per the RERA Act.

Highlights

  • Real Estate Property/Home comes with 5 years warranty against defects/issues
  • It is mandatory for promoters to rectify any defect/issue within 30 days from Homebuyers notice
  • Homebuyer entitled to received appropriate compensation as per the RERA Act in case of promoter unable to rectify defects/issues within 30 days
  • It is recommended reporting issues in a written format such as Home Inspection Report

Leave a Reply

Your email address will not be published. Required fields are marked *