Jammu: RERA Ruling Favors Homebuyers in Royal Nest Sapphire Apartments Case
March 15, 2024 - In a significant victory for homebuyers, the Jammu and Kashmir Real Estate Regulatory Authority (RERA) has ruled in favor of apartment owners Ritu Khajuria and Sangeeta Sharma in their complaints against developer Omkar Nest Pvt. Ltd.
- RERA Order Highlights:
- The builder handed over possession of flats without obtaining the mandatory Occupancy Certificate (OC).
- The developer must obtain the Occupancy Certificate within six months at his own cost.
- The builder will bear the maintenance charges of the complainants until the Occupancy Certificate is obtained.
- Any maintenance already collected must be adjusted in future dues.
- The developer must install Electric Vehicle (EV) charging infrastructure within six months.
- The seepage issue in the basement parking must be resolved by the developer within six months.
The RERA ruling is being viewed as an important step in strengthening the rights of homebuyers and ensuring greater accountability in the real estate sector.
According to various court verdicts, including those of the High Courts and Supreme Court of India, the Occupancy Certificate is mandatory for handing over possession of flats.
The case is seen as a significant relief for homebuyers, who often face difficulties in getting their complaints addressed in the real estate sector.