Deliverables 

The Real Estate (Regulation and Development) Act, of 2016 was brought into effect to bring transparency in the real estate sector and protect the interest of the buyers. Many times when the promoter is not able to complete the project for whatever reasons RERA authorities do not have many options to provide relief to the homebuyers. One way is to order for refund of the amount invested by the buyer which might not be the best option as the promoter may not be able to refund that and if the project is in the final stages, then all the allottees might not want to take the refund and issuing the refund would make it impossible for the RERA authority to get the project completed. And here restarting a project is a win-win situation for both the buyers and the builder by allowing joint development of delayed projects, wherein the promoter continues to be responsible for completing the project and delivering on its obligations, while the homebuyers through their collective are responsible to ensure the payments made by them are being deployed only on the project.