Payment Of Assured Returns By Builder To Homebuyer Not Banned By Unregulated Deposit Schemes Act

In a recent ruling, the Haryana RERA clarified that assured returns offered by builders to homebuyers do not fall under the purview of the Banning of Unregulated Deposit Schemes Act. The decision emphasized that such transactions should be assessed based on their contractual terms and nature, distinct from unlawful deposit schemes. This distinction aims to protect genuine real estate transactions while preventing abuse of consumer trust. The ruling underscores the importance of regulatory clarity in real estate dealings to safeguard consumer interests and promote fair practices in the sector.