Mandatory quarterly project status reports
Financial audit of project funds
Online display of construction milestones
Assured possession timelines
Compensation for delays
Redressal via RERA authority within 60 days
Blockquote: “RERA continues to evolve as the strongest consumer-protection mechanism in India’s real estate sector.”
| Violation | Penalty |
|---|---|
| Delay in possession | Up to 10% project cost |
| False advertisement | Up to 5% project cost |
100% online registration and complaint filing
Public dashboards for project monitoring
Q1: Is RERA compulsory for small projects?
Yes, if land exceeds 500 sq. mt. or 8 units.
Q2: Can a buyer withdraw from the project?
Yes, with full refund and interest if delay is proven.
Q3: Can builders change project layout?
Only with written consent from two-thirds of buyers.
Q4: Does RERA apply to commercial units?
Yes, including offices and shops.
Q5: Are parking charges regulated?
Yes, open parking cannot be sold separately.
