RERA (Real Estate Regulatory Authority): Who Qualifies and What You Get
Learn how RERA provides transparency and consumer protection for homebuyers and developers in the real estate sector.
RERA is a regulatory framework designed to bring transparency and accountability to the real estate sector. It aims to protect the interests of buyers and ensure developers follow set standards for project delivery.
Who it's for
This scheme is designed for both homebuyers looking to purchase property and developers managing real estate projects.
What you get
If you are a buyer, you gain increased transparency regarding project timelines and delivery. It provides consumer protection to ensure that the promises made during the sale are upheld.
What it costs you
Developers must manage the costs associated with following all the required compliance rules and registration processes.
The catch to know
RERA is managed at the state level. This means you must use the specific portal for your particular state rather than the central website to find relevant information or file claims.
How to apply
- Identify the specific state where your property is located.
- Visit that specific state's RERA official website.
- Follow the registration or complaint procedures listed on that state portal.
- Use the central portal for general information: https://rera.gov.in