What is RERA?
RERA stands for Real Estate (Regulation and Development) Act, which was passed in 2016 by the Government of India. Its main purpose is to protect home buyers and make the real estate sector more transparent, fair, and accountable.
Before RERA, many people faced issues like delayed possession, unclear property details, and broken promises from developers. RERA was introduced to put an end to all of that.
🛡️ How Does RERA Help Home Buyers?
Here are a few ways RERA benefits you:
✅ 1. On-Time Delivery
Under RERA, developers are legally bound to complete the project within the promised timeline. If there’s a delay, the builder has to pay compensation to the buyer.
✅ 2. Transparency in Project Details
All project-related information like approvals, land title, construction status, and expected possession date must be available on the RERA website. So you can check everything before making a decision.
✅ 3. Your Money is Safe
As per RERA, builders must deposit 70% of the money collected from buyers into a separate bank account. This money should only be used for the development of that specific project.
✅ 4. Clear Carpet Area Definition
Earlier, builders used terms like “super built-up area” to confuse buyers. RERA makes it mandatory to sell based on carpet area only – that means the actual usable area inside your home.
✅ 5. Grievance Redressal
If something goes wrong, you can file a complaint with the RERA Authority, and they are required to resolve it quickly. This gives buyers a legal path for justice.
📌 Things You Should Check Before Buying
- Make sure the project is RERA registered.
- Check the builder’s RERA ID and track record on the RERA website.
- Understand the payment plan and timeline of possession.
🏡 Final Words
RERA has truly changed the way real estate works in India. As a buyer, you now have more rights, more clarity, and more confidence. Whether you’re buying a flat or a farmhouse plot, always choose RERA-registered projects to keep your investment safe and secure.
At Feet To Acres, we work only with RERA-compliant projects because your trust means everything to us.
RERA #HomeBuyersGuide #FeetToAcres #RealEstateTips #PlotInvestment #PuneRealEstate #PropertyMatters #FarmhousePlots #LandInvestment