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Explore How RERA Cases Be Solved Faster? Punjab RERA Chairman Exclusive | RealtynMore with 4,825 views, 211 likes, and 2 comments. Experience the impact of this video content that has captured audience attention.

How RERA Cases Be Solved Faster? Punjab RERA Chairman Exclusive | RealtynMore In this brief brief interview, Shri Rakesh Goyal, Member of the Punjab Real Estate Regulatory Authority (Punjab RERA), outlines a proactive procedural reform aimed at accelerating dispute resolution for allottees seeking refunds, interest, or relief due to delayed possession. The Challenge: Execution Bottlenecks Under standard operating procedures, RERA benches typically adopt a two-stage adjudication process: An initial order under Section 31 to establish the promoter’s financial liability. A separate, subsequent order under Section 40(1) to execute the recovery. This traditional framework often introduces an administrative lag, extending the execution phase by an additional 18 to 24 months in a majority of cases. The Solution: Merging Adjudication and Execution To eliminate this systemic delay, Member Rakesh Goyal utilizes a consolidated approach by passing a single, comprehensive order under Section 31 read with Section 40, Subsection 1 of the RERA Act. This single decree concurrently establishes the core liability, calculates the definitive principal amount, and specifies both the accrued interest to date and ongoing monthly liabilities. Consequently, if compliance is not met within 90 days, a Recovery Certificate is issued directly, effectively bypassing the lengthy, secondary execution litigation process. Share, Support, Subscribe!!! Subscribe: https://www.youtube.com/@realtynmore About : Realty & More is a digital platform where you will find everything related to the real estate industry from latest news to expert insights. Follow Us on Social Media: Website: https://realtynmore.com YouTube: https://www.youtube.com/@realtynmore Instagram: https://www.instagram.com/realtynmore Facebook: https://www.facebook.com/realtynmoreIN Twitter (X): https://twitter.com/realtynmoretv

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