The upcoming Telangana State Real Estate Regulatory Authority (TSRERA) does protect the interest of allottees and buyers of properties in the registered projects but it also has to be noted that the allottee has to pay interest if the amount payable to the promoter is not paid in time as per the agreement. At an awareness programme on the RERA Act for the prospective buyers, residential welfare associations and others Director (Planning) R. Balakrishna explained about the rights and responsibilities of the allottees while detailing the process of registering complaint with the adjudicating officer through the portal in respect of grievance of allottee as well as the promoters.
Earlier, TSRERA Secretary Vidhyadhar in his presentation said that through the RERA portal, an allottee can know the information relating to sanctioned plan of project, layout plans along with the specifications and information on agreement for sale signed with promoters.
The allottee can know the stage-wise time schedule of completion of the project including the provisions for water, sanctioned, electricity and other amenities and services as agreed between the promoters and the allottee in accordance with the terms and conditions of the agreement of sale, he said.
The allottee is also entitled to claim the possession of apartment, plot or building as the case may be, and the association of allottees shall be entitled to claim the possession of the common areas, as per the declaration given by the promoters under the Act, a press release said.
