In this episode of the Happy Home Loan Podcast by Aditya Birla Housing Finance Ltd., we explore a crucial question for homebuyers: can you legally exit a housing project if it gets delayed under the Real Estate (Regulation and Development) Act, 2016 (RERA)? With expert insights from consumer advocate Adv. Shirish Deshpande, the discussion breaks down how RERA safeguards buyers when timelines are not met and what legal remedies are available.
Understand the provisions under Section 18, which empower buyers to seek a refund along with interest or opt for compensation in case of delays in possession. The episode also highlights when it may make sense to stay invested versus exercising your right to exit, and what factors such as project progress, developer credibility, and revised commitments should influence your decision.
Beyond exit rights, the conversation touches on RERA’s broader role in ensuring accountability, financial discipline, and transparency in real estate projects. You will also learn about practical steps to take before initiating a claim, documentation to keep ready, and how to approach the RERA authority effectively.
Whether you are facing uncertainty in an under-construction project or simply want to stay informed, this episode equips you with the clarity and confidence to make the right call.
Disclaimer:
The views, thoughts, and opinions expressed in the Happy Home Loan Podcast featuring Adv. Shirish Deshpande are solely those of the host and the guest based on their experience & knowledge and do not necessarily reflect the views, opinions, policies, or official position of Aditya Birla Housing Finance Limited or any of its affiliates.
The content shared in this podcast is for informational purposes only and should not be construed as financial, legal, or investment advice.
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