Q.Are there any restrictions on advertisements or promotions in RERA/HIRA Act?
A. The Act mandates that anything shown in the marketing material needs to be in line with the final product or else real estate developer will be liable to penalties under the Act. All marketing collaterals are also to be uploaded on the RERA site by the builder / developer, post registration. The advertisement or prospectus issued or published by the developer shall mention prominently the website address of the Authority, wherein all details of the registered project have been entered and include the registration number obtained from the Authority and such other matters incidental thereto. In case of any future dispute, the same can be easily referred to or produced as evidence.
Q. What is the tenure or validity of registration under RERA/HIRA?
A. Registration shall be valid for the period required to complete the project or phase, as declared by the builder / developer.
Q. Does RERA/HIRA cover Commercial projects too?
A. It covers all residential and commercial projects, including shops, offices and buildings.
Q. Does RERA/HIRA cover purchase and rental both?
A. No. It does not cover rental arrangements or agreements in any form
Q. Will RERA/HIRA be applicable to existing projects also or only to the future ones?
A. As per section 3(1) of the Act, ongoing / existing projects, which have not received occupation or completion certificate, shall be covered under the Act. Builders / Developers must register such projects under RERA, within three months of implementation of the Act. Essentially almost all large projects which have not obtained completion certificate will immediately come under the purview of the Act. Thereby consumers of under construction projects can seek protection under the Act.22