What does A mean in REAL ESTATE
Assam Real Estate Appellate Tribunal (A) is a specialized judicial body established under the Real Estate (Regulation and Development) Act, 2016 (RERA) to adjudicate disputes related to real estate projects in the state of Assam.
A meaning in Real Estate in Business
A mostly used in an acronym Real Estate in Category Business that means Assam Real Estate Appellate Tribunal
Shorthand: A,
Full Form: Assam Real Estate Appellate Tribunal
For more information of "Assam Real Estate Appellate Tribunal", see the section below.
» Business » Real Estate
Jurisdiction
The A has exclusive jurisdiction to hear and decide appeals against orders passed by the Assam Real Estate Regulatory Authority (ARERA), including:
- Disputes between allottees and promoters
- Delays in project completion
- Defects in construction
- Misrepresentation or fraud
Composition
The A is composed of:
- A Chairperson, who is a retired judge of the High Court
- Two members, one with expertise in real estate and one with experience in finance or accounting
Powers and Functions
The A has the authority to:
- Hear and decide appeals against ARERA orders
- Grant injunctions and impose penalties
- Enforce its orders through contempt proceedings
- Issue directions to ARERA or other parties
Procedure
Appeals to the A must be filed within 60 days of the ARERA order. The A follows a quasi-judicial procedure, with provisions for evidence, cross-examination, and legal representation.
Essential Questions and Answers on Assam Real Estate Appellate Tribunal in "BUSINESS»REALESTATE"
What is the Assam Real Estate Appellate Tribunal (A-REAT)?
A-REAT is a quasi-judicial body established under the Real Estate (Regulation and Development) Act, 2016 (RERA). It is an appellate authority for real estate-related disputes in the state of Assam.
Who can file an appeal before A-REAT?
Aggrieved parties, including allottees, promoters, and real estate agents, can file appeals before A-REAT against orders or decisions of the Real Estate Regulatory Authority (RERA) of Assam.
What types of disputes can be appealed to A-REAT?
Disputes related to registration of real estate projects, project approvals, timelines, payment defaults, defects in construction, and other matters governed by the RERA Act.
What is the procedure for filing an appeal?
Appeals must be filed within 60 days of the impugned order or decision. The appeal should be accompanied by a copy of the order, a memorandum of appeal stating the grounds of appeal, and any supporting documents.
What are the powers of A-REAT?
A-REAT has the power to confirm, modify, or set aside the orders of the Assam RERA. It can also impose penalties, award compensation, and direct specific performance of contractual obligations.
How long does it take for A-REAT to decide an appeal?
The time frame for disposal of appeals varies, but A-REAT aims to resolve matters expeditiously.
Is legal representation required before A-REAT?
While not mandatory, it is advisable to seek legal representation to ensure a proper presentation of the case.
Final Words: The A plays a crucial role in resolving disputes within the real estate sector in Assam. It provides a fair and independent forum for aggrieved parties to seek redressal and ensures the protection of the rights of both allottees and promoters.
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