Short Answer

If the builder's RERA registration is cancelled or suspended, your project rights may be affected.

Detailed Explanation

Rule 14 of the Gujarat RERA Rules states that if the registration of a real estate agent or a promoter is suspended or cancelled, they shall not be able to advertise, market, book, sell, or offer for sale any real estate project. This means that if the builder's RERA registration is cancelled or suspended, they will not be able to continue with the project activities legally.

In practice, if the builder's RERA registration is cancelled or suspended, it can lead to delays in the completion of the project, as they will not be able to carry out any further construction or sales activities. This can impact the rights of the buyers who have invested in the project, as they may not receive possession of their units on time or may face uncertainties regarding the completion of the project.

Real-world Scenarios

• Mr. Patel booked a flat in a project registered under RERA. However, the builder's registration was later cancelled due to non-compliance with RERA regulations. As a result, Mr. Patel's project rights were affected, and he faced delays in getting possession of his flat.

• Ms. Shah invested in a commercial property project where the builder's RERA registration was suspended. This led to uncertainties regarding the project's completion timeline, affecting her investment plans and business operations.

• A group of homebuyers collectively filed a complaint with RERA against a builder whose registration was cancelled. The buyers had to explore legal options to safeguard their project rights and seek compensation for the delays caused by the builder's non-compliance.

Reference

• Rule 14 of the Gujarat RERA Rules: Official PDF