The Real Estate (Regulation and Development) Act, 2016 (RERA) is a landmark law designed to protect homebuyers and boost transparency in India's real estate sector. Enforced since May 2017, RERA mandates accountability for builders, prevents project delays, and ensures buyers get what they pay for.
Why RERA Was Introduced
Unending Project Delays
Homebuyers waited years beyond promised possession dates with no recourse
False Advertising
Misleading promotions and brochures with unrealistic amenities and features
Poor Construction Quality
Substandard materials and workmanship leading to structural issues
Fund Diversion
Builders using funds from one project to finance others, causing delays
RERA's Core Mission: "Buyer First"
Ensuring timely delivery, truthful information, and legal recourse for grievances to protect homebuyer interests.
Key Features of RERA 2025
Mandatory Project Registration
Builders must register projects (over 500 sqm or 8 units) with state RERA authorities. Details like approvals, layouts, and completion timelines are publicly accessible.
70% Fund Rule
Builders must deposit 70% of project funds in a separate bank account to prevent fund diversion to other projects.
Carpet Area Definition
Only carpet area (usable space) can be sold, eliminating ambiguity around "super area" calculations.
Penalties for Builders
Up to 10% of project cost for delays or false promises, ensuring accountability.
Fast-Track Dispute Resolution
Complaints resolved within 60–90 days via RERA tribunals, much faster than civil courts.
Top 7 Rights of Homebuyers Under RERA
Right to Accurate Information
Access project plans, approvals, and builder track records on the RERA website before making any purchase decision.
Right to Timely Possession
Compensation for delays: SBI Home Loan rate + 2% for each month's delay beyond the promised possession date.
Right to Quality Construction
Builders must fix structural defects free of charge for 5 years post-handover, ensuring long-term quality.
Right to Cancel Projects
Buyers can exit if projects are delayed; builders must refund with interest within 45 days of cancellation.
Right to Legal Recourse
File complaints online/offline without hiring lawyers, making the process accessible to all homebuyers.
Right to Transparent Pricing
No hidden costs; all charges must be declared upfront in the agreement to prevent last-minute surprises.
Right to Know Builder Background
Check past projects, litigation history, and financial status of developers before investing your money.
RERA Rules: Obligations for Builders
How to Check if Your Project is RERA-Registered
Visit Your State's RERA Portal
Access websites like UP RERA, Maharashtra RERA, or your state's specific portal.
Search Project Details
Enter the project name, builder name, or registration number in the search function.
Verify Key Information
Check completion date, approvals, builder commitments, and other critical details before making any payment.
How to File a RERA Complaint: Step-by-Step Guide
Step 1 Gather Evidence
Collect all relevant documents:
- Agreement copy
- Payment receipts
- Builder communications
- Photographs (if quality issues)
Step 2 Visit the RERA Portal
Go to your state's RERA website:
- Haryana RERA
- Maharashtra RERA
- Other state RERA portals
Step 3 File Complaint Online
Complete the digital process:
- Click "Complaint Registration"
- Fill the detailed form
- Upload supporting documents
- Pay the filing fee (varies by state)
Step 4 Track Status
Monitor your complaint:
- Use your complaint number
- Attend hearings when scheduled
- Submit additional documents if requested
Offline Option: Submit a written complaint to the state RERA office.
Impact of RERA: Transforming Real Estate
Source: CREDAI and Industry Reports
FAQs About RERA Rules and Rights
Know Your Rights, Secure Your Investment
Check if your project is RERA registered and protect your hard-earned money.
Find Your State RERA PortalConclusion: RERA Empowers You – Use Your Rights!
RERA has redefined India's real estate landscape, shifting power from builders to buyers. Whether you're investing in a luxury apartment or a budget home, always choose RERA-registered projects and assert your rights. Stay informed, demand transparency, and never hesitate to file a complaint if needed.
Remember, an informed homebuyer is a protected homebuyer. Use the tools RERA provides to make your property investment journey safe and satisfying.