In a significant move, the West Bengal Real Estate Regulatory Authority (WBRERA) has intervened to ensure compensation for a homebuyer after a real estate project in Kolkata failed to deliver as promised.
Real EstateWbreraCompensationHomebuyerRegulationReal EstateMar 27, 2025
WBRERA stands for West Bengal Real Estate Regulatory Authority. It is a regulatory body established under the Real Estate (Regulation and Development) Act, 2016, responsible for regulating the real estate sector in West Bengal and protecting the interests of homebuyers.
The homebuyer received a compensation package that included a refund of the invested amount, interest on the delayed payment, and additional damages for the inconvenience caused.
Homebuyers should conduct thorough due diligence, check the developer's track record, verify the project's compliance with RERA, and seek legal advice to ensure their investments are secure.
WBRERA ensures transparency by regulating the real estate sector, providing a regulatory framework, and offering a platform for resolving disputes. It also conducts awareness campaigns to educate homebuyers about their rights.
WBRERA plans to strengthen its regulatory mechanisms, increase penalties for non-compliance, and launch more awareness campaigns to further enhance the transparency and integrity of the real estate market in West Bengal.
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