The Real Estate (Regulation and Development) Act, 2016 (RERA) was introduced to bring transparency, accountability, and fairness into India’s real estate sector. For buyers in Delhi NCR, RERA has been a game-changer, ensuring better protection and improving confidence in property transactions.
If you are planning to buy a home in Gurgaon, Noida, Greater Noida, or Ghaziabad, understanding how RERA works and its impact on buyers is essential.
🏠 What is RERA?
RERA is a regulatory framework that governs property developers, agents, and projects to protect the interests of homebuyers. Every state has its own RERA authority, including UP RERA (for Noida, Greater Noida, Ghaziabad) and Haryana RERA (for Gurgaon and Faridabad).
✅ Key RERA Rules for Delhi NCR Buyers
1. Mandatory Project Registration
Builders must register projects with RERA before advertising or selling.
Projects without registration are illegal to sell.
Buyers can verify details on the official UP RERA and HRERA websites.
2. Advance Payment Regulation
Builders cannot take more than 10% of the property cost as advance before signing a sale agreement.
3. Timely Project Delivery
Developers must deliver projects by the promised deadline.
In case of delays, buyers are entitled to compensation or refund.
4. Escrow Account Rule
At least 70% of buyer payments must go into a dedicated escrow account.
This ensures funds are used only for that project, preventing diversion of money.
5. Transparency in Information
Builders must disclose project details such as layout plans, approvals, completion timelines, and progress updates.
6. Penalty for Non-Compliance
Developers and agents violating RERA rules face penalties, fines, and even imprisonment.
7. Buyer’s Right to Refund/Compensation
If the builder fails to deliver as promised, buyers can claim a full refund with interest or opt for compensation.
💡 Impact of RERA on Buyers in Delhi NCR
🔹 Increased Transparency
Buyers can now check project approvals, land titles, and construction updates online.
🔹 Better Protection
Advance payment and escrow rules reduce risks of fraud or money diversion.
🔹 On-Time Delivery
Strict penalties have pushed developers to focus on timely completion.
🔹 Dispute Resolution
RERA authorities provide a dedicated platform for resolving buyer-builder disputes quickly.
🔹 Increased Buyer Confidence
With RERA in place, more buyers and NRIs feel secure investing in Delhi NCR real estate.
📌 Final Thoughts
RERA has transformed the Delhi NCR property market by bringing in much-needed accountability and trust. Whether you are buying a ready-to-move flat in Gurgaon or an under-construction apartment in Noida, always ensure that the project is RERA-registered.
For buyers, RERA is not just a law—it is a shield against risks, ensuring fair practices and safer investments.
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