The legal remedies available to the buyer are two-fold:
File Complaint to Regulatory Authority under RERA through a property lawyer in India if builder delays possession;
File a complaint in the consumer court to recover money with interest.
The Real Estate Regulatory Authority or the adjudicating officer of the Regulatory Authority is a statutory tribunal created by the RERA to bring accountability and transparency in the Real Estate sector in India.
The changes that have been envisaged under RERA are massive for putting accountability on the timelines of builders. The promoter's promise will now have a legal standing to it. At the time of the signing of the final contract, the promoter is required to provide all the documents, as well as a declaration, supported by an affidavit stating the time period within which the project or the specific phase will get completed.