RERA Explained: What Homebuyers Should Know
RERA is an important framework for Indian real estate buyers. Understand the basic concepts buyers should know before purchasing.
What RERA Does
The Real Estate (Regulation and Development) framework was created to improve transparency, accountability and buyer protection in covered real-estate transactions.
Project Registration
Buyers should check the relevant project registration details and disclosures through the applicable official RERA authority.
Promoter Disclosures
Registered projects generally involve prescribed disclosures relating to the project, approvals, plans and other information. Buyers should review these rather than relying only on marketing material.
Possession and Agreements
Understand the contractual commitments, timelines and remedies applicable to your transaction. Read the agreement carefully before signing
Use Official Sources
RERA requirements and procedures can vary by state. Always verify current information with the relevant state RERA authority or a qualified professional.
