RERA Explained: What Every Real Estate Buyer Must Know
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The real estate sector is now a prominent
field in the business sphere. With growing demand for home buying, it is
important that a potential real estate buyer understands the rules and
regulations put forward by the government for their benefit.
The RERA (Real Estate Regulation And
Development) Act was established by the government in order to extend
protection to real estate buyers and address their grievances. It is regulatory
upon the builders, the non-compliance of which will result in strict action
against them.
The real estate buyers should understand
things to know about RERA before proceeding to buy a property. They should not
be negligent towards RERA compliances because it can create issues while
engaging in a home buying process.
What is
RERA when it comes to the protection of real estate buyers’ interests?
The RERA regulations act was implemented to
assure transparency, accountability, and fairness and to prevent exploitation
in terms of unauthorised selling process.
Homebuyers who were unaware are now making
sure that they abide by the RERA Act after grasping what is RERA. They are
convinced that a sense of safety and protection is what it means for them as
real estate buyers.
RERA Act will ensure that there are no delays,
hidden costs, and misleading advertisements as was the scenario before its
implementation. Real estate buyers should confirm with the developers about
RERA registration before proceeding to consider their project for purchase.
When
there are things to know about RERA, the real estate buyers should have the
additional knowledge about what is RERA:
●
Real estate buyers must know that
the registered RERA number must be included in all the project’s brochures and
advertisements to ensure its transparency.
●
One of the important points to
know about what is RERA, the developer should give all the information about
the project. They can be fined with penalties if they withhold any important
information.
●
If there are any delays in project
construction or further formalities, the RERA Act will rightfully hold the
developer accountable and ask them for compensation.
●
It is in the favour of both,
buyers and builders for long term accountability, assuring truthful verified
credentials of upcoming projects before its launch.
What is RERA when it comes to offering key protections?
●
The registration of the RERA Act
ensures timely completion of the projects at the mentioned date given by the
builders. This saves the real estate buyers from fraud or false promises.
●
The RERA protects the real estate
buyers by also ensuring digital truthfulness, making sure that online
information about the project is valid and real.
●
The real estate buyers must note
that only RERA registered projects can be sold when it comes to real estate
market business.
●
The builders are in charge of quality
assurance and repairing structural defects for the next five years post the
possession.
●
The discussed layouts of the
project cannot be changed without the approval of the real estate buyers. They
should be aware about the upgrades and necessary changes to keep the trust
intact.
●
The real estate buyers can check
the RERA project details by visiting the website and searching by the project
name or registration number. This ensures you’re buying from a legitimate real
estate builder.
To conclude, the real estate buyer must know
that RERA’s implications have changed the power of real estate business and it
majorly lies in their hands.
They should comply with the RERA Act to
safeguard their rights and protect themselves from discrepancies and any
delays, making way for a smooth and feasible real estate buying process.
Frequently
Asked Questions (FAQs):
Q1) Is RERA applicable all over India?
Yes, it is applicable all over India but it is
managed by different state authorities. Every state has its own RERA process.
Q2) How
will you know if a project is RERA-registered?
You can visit the official RERA website and
verify the project’s registration by searching for its name and builder
details.
Q3) Is
advertising possible without RERA registration?
No, the builders cannot advertise without
registering with the RERA authority.
Q4) Does
RERA cover ongoing projects too?
Yes. The ongoing projects must be registered
with RERA if they were completed before its implementation.
Article authored by: Team Propfyndx
Date: 22nd August, 2025






