How is RERA building buyers confidence in real estate industry?
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Author Admin
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Buying a home is a big deal. It’s not just about signing a few papers and getting the keys. It’s about investing your life savings, your dreams, and your future. And for the longest time in India, this journey wasn’t as smooth or secure as it should have been.
Unclear delivery timelines, flashy ads that didn’t match reality, sudden project changes, and—worst of all—homes that never got completed. Sounds familiar?
That’s exactly what led to the birth of RERA.
What Is RERA and Why Should Buyers Care?
The Real Estate (Regulation and Development) Act, better known as RERA, came into effect in 2017. Its main goal? To clean up the real estate sector and make it buyer-friendly, transparent, and fair.
Before RERA, builders had too much control and buyers had too little protection. But today, thanks to this act, every homebuyer has rights—real, enforceable rights. RERA makes sure that developers deliver what they promise, on time, and with accountability.
If you’re looking to buy a home in India, knowing about RERA isn’t just useful—it’s essential.
7 Ways RERA-Approved Projects Offer Real Peace of Mind
Wondering why RERA-registered projects are seen as more trustworthy? Here’s why:
1. Buyers Come First
RERA ensures that builders can’t keep you in the dark anymore. All project information—like timelines, land ownership, approvals, and legal clearances—is available to you before you make a decision.
2. No Hidden Surprises
Every project registered under RERA has its details listed online on the state’s official RERA portal. You can look up everything from completion status to documents with just a few clicks.
3. Timely Handover, Or You Get Compensated
If the builder delays the project, they pay you—not the other way around. That’s a game-changer for thousands of homebuyers who used to wait endlessly.
4. Disputes Are Solved Faster
You no longer need to get stuck in long, draining court cases. RERA has its own courts or tribunals that handle buyer complaints quickly and effectively.
5. Builders Can’t Change the Plan Midway
Once a project is approved, developers can’t alter the layout, amenities, or possession schedule without your consent.
6. 5-Year Post-Handover Warranty
Facing issues with construction quality or leaks after moving in? RERA ensures the builder fixes structural defects at no extra cost for up to five years after possession.
7. Your Money Is Protected
70% of the money you pay must be kept in a special bank account, and can only be used for that particular project. So you don’t end up funding the builder’s next big idea by mistake.
8 Real Benefits of Buying a RERA-Approved Property
If you’re still wondering, “Is it worth choosing a RERA project?”—these benefits might help you decide:
Everything Is Transparent
From prices to completion dates, nothing is hidden.
Carpet Area Is Standardized
You’ll only pay for the usable space inside your home—not inflated figures that include lift shafts and corridors.
Timely Delivery Is Enforced
Delays can no longer be ignored. Builders are now legally bound to stick to deadlines.
Strong Grievance Redressal System
If something goes wrong, there’s a clear path to raise your concern and get a response.
No False Advertising
What’s shown in brochures or ads must match the final delivery—or the builder can face penalties.
Limits on Advance Payment
You can’t be asked to pay more than 10% upfront before signing the agreement for sale.
Assured Construction Quality
If anything breaks or shows wear within 5 years, the builder is legally required to repair it.
Developers Benefit Too
RERA also builds trust for developers who genuinely deliver quality projects. Buyers are more likely to trust and invest in them, which means better business long-term.
What Makes a Project RERA-Compliant?
Not all real estate projects automatically fall under RERA. To be RERA-approved, developers must meet certain criteria:
Register the Project
Projects over 500 square meters or with more than 8 apartments must be registered.
Show Financial Stability
Builders need to show that they can fund and complete the project—without relying on your full payments upfront.
Follow Local Building Laws
Projects must have all the necessary legal permissions, maps, and construction clearances.
Maintain Escrow Accounts
70% of the funds from buyers go into a separate account, only used for that specific construction work.
Stay Compliant
Builders must give regular updates on project status, and breaking RERA rules can lead to fines—or worse.
RERA’s Impact: A Win for Both Buyers and Builders
For Developers:
- Fly-by-night operators have been pushed out
- Trustworthy developers now stand out in the market
- It’s easier to attract quality-conscious buyers and investors
For Buyers:
- You know where your money is going
- You get legal protection against delays and false promises
- You’re finally in control of your investment
How to Check If a Project Is RERA-Approved
Before you sign anything or make a payment, follow these steps:
Verify Registration Online
Visit your state’s official RERA website and look up the project using its registration number or developer name.
Check the Details
Make sure the builder has followed all rules—from timelines to escrow to clearances.
Go Through Project Documents
You’ll find everything from layouts to legal approvals to progress updates—all in one place.
The days when buying a home meant trusting blindly and hoping for the best. With RERA, you finally have the tools, rights, and transparency to make confident decisions.
So if you’re thinking about buying property, Connect with propkonnect for the best deals and the propertys.
It’s the smart choice.
It’s the safe choice.
And most importantly—it’s your right.
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