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		<title>What are the legal remedies for homebuyers against construction companies ?</title>
		<link>https://lawansweronline.com/frequently-asked-legal-questions/legal-remedies-for-homebuyers-against-construction-companies/</link>
		
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		<pubDate>Fri, 17 Jul 2020 11:48:08 +0000</pubDate>
				<category><![CDATA[Q&A]]></category>
		<category><![CDATA[Civil Law]]></category>
		<category><![CDATA[Construction]]></category>
		<category><![CDATA[Consumer Law]]></category>
		<category><![CDATA[Home buyer]]></category>
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				<div class="et_pb_text_inner"><p>For delay in construction and handing over the possession of the premises the following legal remedies can be availed:-</p>
<ul>
<li>Commence with a legal notice.</li>
<li>If there is an arbitration clause in the builder buyer agreement, then arbitration can be invoked.</li>
<li>Consumer Complaint, under the Consumer Protection Act, either as an individual homebuyer or along with other homebuyers of the same Project.</li>
<li>RERA is a specialised legislation, providing redressal mechanism for aggrieved homebuyers.</li>
<li>People seeking refund can approach the NCLT. However, as per the latest amendment to the Insolvency and Bankruptcy Code, 100 buyers or 10% of the allottees of the Project, whichever is lesser, need to file a common petition.</li>
<li>Civil Suit for recovery and damages</li>
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