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What compensation is a person entitled to get as per the RERA


07-Aug-2023 (In Property Law)
One project-"KHARAVELA ENCLAVE"-Apartment Complex at Dharamavihar, Bhubaneswar, Orissa, has been launched by the Orissa State Housing Board in May'2011. I have been allotted with a Flat and deposited the EMD and also the First Installment, as demanded. As per the Brochure-"The project period was 36 months from Zero date. The date of selection is the Zero date". Date of selection is 18.09.2011. After a lapse of about 7 years, now the Price of the Flat has has been revised from Rs.48.75 Lacs to Rs.72.30 Lacs. Reasons for delay, as specified by OSHB are - delay in Tender approval, finalization of drawing, preparation of revision for deviation in structural design, RE, encroachment of site, interference by ASI, etc. May I kindly know, For what compensation I am entitled for as per RERA or any other Act, in case I am (a) continuing with the scheme at the abnormally escalated price OR (b) withdraw from the scheme, as the delay has been caused exclusively by OSHB for NO fault on my part.
Answers (1)

Answer #1
829 votes
If the deal you is beyond the control of the promoter due to unavoidable and natural reasons then it's admissible. Or else you are eligible to receive compensation from promoter. But in no case the promoter can raise the cost..unless it was agreed in sales agreement.
If you want to withdraw from project the promoter shall give interest and competitions for the delay to the allottees.
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