RERA Explained: Why Every Buyer Should Care
A simple breakdown of how the Real Estate Regulatory Authority protects home buyers and how to verify a project before booking.
The Real Estate (Regulation and Development) Act, 2016 transformed how India buys homes. Every project larger than 500 sqm or with 8 units must register with the state RERA authority before any marketing or sales can begin. The registration number is a buyer's safety net.
Before you book a unit, search the project on your state RERA portal. Verify the carpet area, the promised completion date, the approved layout, and the developer's past track record. RERA also mandates that 70 percent of buyer money sits in a project-specific escrow account, drastically reducing the risk of fund diversion.
If a developer delays possession, you have the right to claim interest at the prescribed rate or exit with a full refund. Never book in a non-RERA project — it is the single biggest red flag in Indian real estate.