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Bengaluru: Revenue officials yet to recover Rs 250 crore compensation owed to buyers
Dated on: Monday 13th June 2022According to the Real Estate Regulatory Authority (RERA) Act, orders issued by the RERA or Adjudicating Officer must be carried out by the Revenue Department, and compensation; delay interest or deposit money must be recovered as arrears of land revenue to compensate homebuyers for their losses.
However, the inefficiency of revenue officials has become a source of concern for hundreds of homebuyers, who have been forced to wait years for reimbursement.
For example, RERA has referred 631 cases to the revenue department in order to recover a penalty of Rs 258 crore from 125 builders, but the revenue department has only recovered Rs 8 crore thus far, and it has yet to recoup Rs 250 crore from 614 cases. Home purchasers who used to visit builders' offices must now attend tahsildar offices to learn about the status of complaints referred by the RERA.
Summarized: The inefficiency of revenue officials has become a source of concern for hundreds of homebuyers. RERA has referred 631 cases to the revenue department in order to recover a penalty of Rs 258 crore from 125 builders, but it has only recovered Rs 8 crore so far.
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