Builder Registration  under RERA

The main objective of RERA registration is to protect homebuyers by ensuring transparency and accountability in real estate projects. It aims to make sure that developers complete projects on time, provide accurate information about the project, and follow all legal rules. This builds trust between buyers and developers and helps prevent fraud and delays.

RERA registration brings transparency, accountability, and trust to the real estate sector. Here are its key features:

1. Mandatory Registration – Every real estate project must be registered with the respective State RERA authority before marketing or selling.
2. Project Transparency – Developers must disclose key project details like layout, timeline, approvals, and financials on the RERA portal.
3. Timely Completion – RERA sets clear project deadlines, ensuring timely delivery and reducing delays.
4. Financial Discipline – 70% of the funds collected from buyers must be kept in a separate bank account and used only for that project.
5. Legal Protection – Buyers and promoters have access to a fast and effective grievance redressal system under RERA.
6. Regular Compliance – Developers must submit quarterly updates about project progress to ensure continuous transparency.