RERA Guidelines for Buyers: Everything You Need to Know

RERA Guidelines for Buyers: Everything You Need to Know
Homebuyers used to get the raw end of the deal. Builders would promise the moon and deliver scraps. There was no way to verify anything they said. Projects would drag on forever. Fighting it out in court meant burning through years and money. Then RERA showed up. Everything flipped overnight.
The Real Estate Regulation and Development Act handed buyers real power. It set up a system that builders actually have to respect now. Anyone looking to buy a home today needs to understand how this works.
Planning to buy? These RERA rules will save you from getting burned.
Projects Must Be Registered
Builders can no longer start selling flats without registering the project. That is the first rule. Every housing project must be listed on the state RERA portal. If the builder is not listed that means the project is not approved.
Buyers must always check this. It is easy. You just go to the portal and search the project name. Once the listing appears you can view details like timeline and approvals.
If a project is not on RERA avoid it. You are not protected in such cases.
Only Ten Percent Can Be Taken Before Agreement
Here's where RERA really flexes its muscle. Builders used to demand huge chunks of money upfront before signing anything concrete. Now they can only ask for ten percent of the total price as booking money.
This keeps your financial risk low. It also stops them from using your cash to fund their other ventures. Once you sign the proper agreement you know your money is tied to your specific unit.
All Payments Must Go Into a Separate Account
RERA makes sure your money is safe. Builders must now keep seventy percent of the money they collect in a special account. That account is only for construction and land cost for the same project.
They cannot move it to other sites or use it for buying land. This keeps the project going and avoids delay. Buyers benefit because the project stays funded and does not stop half