Goa RERA Imposes Rs 5 Lakh Fine, Orders Repairs on Faulty Apartment
The Goa Real Estate Regulatory Authority (RERA) has imposed a penalty of Rs 5 lakh on a real estate firm for failing to meet the terms of a sale agreement. The firm is also required to repair the broken tiles and submit a compliance report within 60 days.
Real EstateReraGoaFineApartment RepairsReal EstateJan 29, 2025
The firm has been instructed to deposit this amount with the RERA within 30 days.
The penalty was levied following a complaint from buyers regarding the firm’s failure to meet the terms of a sale agreement.
RERA member, Vincent D’Silva, issued the order, which mandates that the firm pay Rs 5 lakh towards interest and costs.
If the firm fails to comply within the stipulated 30 days, the amount will start accruing interest as per Rule 18 of the Goa Real Estate (Regulation and Development) Rules, 2017.
Additionally, the firm has been directed to replace the broken marble tiles in the living room and master bedroom of the apartment in question within 30 days of the order.
The firm is also required to submit a compliance report in the form of an affidavit within 60 days to avoid further legal action under the RERA Act.
The complaint was filed by buyers who had entered into a sale agreement in 2022 for an apartment with a super-built area of 246.377 square metres, which included two parking spaces.
The total cost of the apartment was Rs 2.61 crore, and the buyers were expecting to take possession by January 31, 2023.
Upon inspecting the apartment on September 27, 2023, the buyers found the property to be in a poor condition.
The living room and master bedroom tiles were broken in several places, and the main entrance door did not fit properly, leaving significant gaps.
This led to the buyers filing a complaint with RERA, resulting in the recent order.
The Goa Real Estate Regulatory Authority (RERA) is a statutory body established under the Real Estate (Regulation and Development) Act, 2016, to regulate the real estate sector and protect the interests of homebuyers.
It ensures that developers adhere to the terms of sale agreements and deliver properties as promised.
This case highlights the importance of RERA in maintaining transparency and accountability in the real estate market, ensuring that buyers' rights are protected.
It serves as a reminder to real estate firms to uphold their commitments and maintain the quality of their projects.
Frequently Asked Questions
What action did RERA take against the real estate firm?
RERA ordered the firm to pay a penalty of Rs 5 lakh and replace broken tiles in the apartment within 30 days. The firm must also submit a compliance report within 60 days.
Why was the penalty imposed?
The penalty was imposed because the real estate firm failed to meet the terms of the sale agreement, as the apartment was found to be in poor condition with broken tiles and a misfit entrance door.
What happens if the firm fails to comply with the order?
If the firm fails to comply within 30 days, the penalty amount will start accruing interest as per Rule 18 of the Goa Real Estate (Regulation and Development) Rules, 2017. Further legal action may also be taken under the RERA Act.
What was the total cost of the apartment?
The total cost of the apartment was Rs 2.61 crore, which included two parking spaces and a super-built area of 246.377 square metres.
What is the role of RERA in the real estate sector?
RERA is a statutory body that regulates the real estate sector, ensuring that developers adhere to the terms of sale agreements and deliver properties as promised. It protects the interests of homebuyers by maintaining transparency and accountability in the market.
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