How RERA is helpful for buyers?

Transparency: All data about the project, the developer, sales, progress and litigations in the project are available to the customers. The customer can now actually know who are the owners & also about their past projects.

Confidence: Prior information about the project on the government portal gives confidence to the customers about the authenticity of the project.

Litigations: The customer need not worry about any litigations it may have to face or run pillar to post as a government agency is watching the developers. Also, the developer is liable for life for any litigations with regards to the Title of the land on which the property has been constructed.

Possession: The best part of RERA is that directs developers to give timely possession to customers or pay the penalty. This makes real estate investment favourable for all customers as they don’t have to feel the heat of delayed possession & monetary loss.

Warranty: The customers now have a warranty of all the products that have been installed in their flats and also of the structure in which their flat has been constructed. A customer can hold the developer responsible for any damages caused to his flat due to poor construction quality or manufacturing defects.

Penalty charges: Earlier, the charges for late/delay payments by customers was decided solely by the developers. Thanks to RERA the late payment charges have now been fixed and the customers exploitation has finally come to an end.

So, is RERA only a Rule Book without any powers?

No RERA is not just a book without any powers. It’s got the powers to penalize & criminalize any wong act by the developer.

Apart from setting the guidelines for developers RERA also acts as a dispute redressal forum.
In case, a customer is having an issue with the developer with regards to its flat or office. He may approach RERA forum directly for redressal of its complaints.

So, we can say that RERA has come like a blessing in disguise for the real estate buyers.
Finally, there is someone who is easily approachable and gives quick decisions.

What is the jurisdiction of RERA?

RERA is applicable in India and adopted by various states by carrying out some basic amendments in the guidelines as required by the respective states.

How many states in India have adopted RERA?

As on date most of the states have adopted RERA with Maharashtra  leading in RERA registration and implementations.
There are some states which have notified the act but are in process of implementing it fully while few are yet to notify it.
Hopefully in the coming years the act shall be totally implemented across the county.

How do we check whether a project is RERA registered or not?

Every state has a website for RERA, where the details registered projects and brokers are mentioned. Any person can log into this website and explore about the projects the desired projects. The list of states and their respective website addresses are as mentioned below: