Know your rights as a homebuyer in India 🏡
📜 Real Estate (Regulation & Development) Act, 2016 🏢 Regulates builders 🛡️ Protects homebuyers 📍 Mandatory for all major real estate projects
✅ Must register projects with RERA 💰 70% funds locked in escrow 🚫 No ads or bookings before registration 📐 No plan changes without 2/3rd buyer consent
📄 Access project plans, approvals, timelines, and builder details 💻 All info must be available on state RERA portals
🗓️ Delayed possession? 💸 Claim refund + interest OR 🏠 Get paid monthly till delivery
🛠️ Any defect in 5 years = free repair 📆 Fix within 30 days or face a penalty
❌ Builder defaults? 💰 Claim full refund + interest ⚖️ Enforceable via RERA tribunal
📝 File complaints online ⏳ RERA must resolve within 60 days 📢 Orders are legally binding
🚫 No registration = 10% project cost fine 🏗️ Incomplete handovers = 5% penalty 🧾 Misuse of funds = Refunds + jail term
⚙️ RERA 2.0 = digital tracking + audits 🧭 Mumbai, UP, Telangana ramp up enforcement 📈 ₹1,410 Cr recovered by UP RERA for buyers
✅ Gurgaon buyer refunded ₹38.5L + interest ✅ Bengaluru case: ₹70L + penalty 📌 Karnataka: 2,600+ expired projects punished
🛡 Protects your money 📃 Ensures transparency ✅ Makes builders accountable 🏠 Always buy RERA-approved projects!