KRERA greenlights Smart Value Homes Post Water Seepage Fix

A Bengaluru homebuyer has secured relief from the Karnataka Real Estate Regulatory Authority (KRERA) after reporting recurrent water seepage in his apartment at New Haven Phase V, developed by Smart Value Homes Pvt Ltd.

The buyer, who took possession of the flat in December 2023, observed seepage through the walls soon after moving in. Though the developer initially carried out repairs, the problem resurfaced in May 2024, prompting the buyer to report it again. When the developer failed to respond, the buyer escalated the issue to KRERA.

Key Highlights

• KRERA directs Smart Value Homes to fix water seepage in New Haven Phase V apartment.
• Developers remain liable for five years post-possession under Section 14(3) of the RERA Act.
• Legal experts advise homebuyers to report issues promptly and retain written proof.

In its recent order, KRERA directed the developer to permanently resolve the issue within two months, noting that the complaint was valid and the buyer had informed the developer post-possession.

This decision aligns with Section 14(3) of the RERA Act, which mandates that developers must rectify structural defects or issues in quality, services, or building provisions within five years from the date of possession, at no extra cost to the buyer.

In a similar June 2024 ruling, KRERA upheld the rights of a homebuyer in SNR Verity, Sarjapur, ordering the builder to repair rainwater seepage despite the project being under a residents' association.

"Many buyers believe that once they take possession, the builder is off the hook. But that’s not true under RERA. The five-year clause provides a crucial safety net. Homebuyers can approach RERA or the consumer court for relief in such cases. However, some contracts exclude items like electrical and plumbing work. In such cases, buyers must carefully review the agreement,” said Akash Bantia, an advocate practicing before KRERA.

Also Read: KRERA orders Sterling to Handover Villa to Homebuyer After 12 Years Delay

Legal experts stress that RERA-registered developers remain liable for repairs related to workmanship, plumbing, electricals, and other services promised in the sale agreement for five years. Homebuyers are advised to report defects in writing, retain all records, and approach KRERA or consumer courts if issues remain unresolved.