Developers face penalties under RERA for any delays in project delivery. The principal cause of this is the postponement of project completion. However, this occurs as a result of problems or delays in obtaining clearances and approvals from relevant authorities. When starting a new project, a builder must secure about fifty approvals. Obtaining these clearances may require up to two years. The delay is caused by the length of time government agencies take. However, the developer suffers as a result of them not being held responsible. Therefore, in order to guarantee that the approvals are provided on time, the authority needs to investigate the situation and implement strict procedures. The regulatory body that oversees all real estate matters is RERA.
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