RERA: Protecting Homebuyers' Interests.

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RERA Protecting Homebuyers' Interests
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Mandatory Registration
All real estate projects must be registered with
RERA before sale. This Ensures transparency
legal compliance.
Project Details Transparency
Developers must disclose project details so that
buyers can verify these details on the RERA
website.
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Timely Project Completion
Enforcing project completion deadlines. Delays
lead to penalties for developers, protecting
buyers from prolonged wait times
Escrow Accounts
Developers must deposit 70 of project funds into
an escrow account. Ensures funds are used only
for project construction not diverted elsewhere.
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Fair Contract Terms
Standardized contracts with no hidden clauses.
Protects buyers from unfair terms or sudden
changes.
Defect Liability Period
Developers are liable for structural defects for
up to 5 years. Buyers can claim rectification
without additional costs.
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Grievance Redressal
RERA provides a platform for buyers to file
complaints. Swift resolution of disputes with the
developer.
Penalties for Non-Compliance
Developers face penalties for non-compliance with
RERA regulations. Protects buyers from fraudulent
practices.
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THANK YOU
91 7774 086 597
info_at_fortunedeveloper.in
https//fortunedeveloper.in/
SK Fortune Group, 1233/B, Apte Road, Deccan
Gymkhana, Shivajinagar, Pune - 411004