Buying a home or a plot is one of the biggest financial decisions in anyone’s life. With so many developers, projects, and promises in the real estate market, homebuyers often face confusion and uncertainty. To ensure transparency and trust in the sector, the Real Estate (Regulation and Development) Act, 2016, commonly known as RERA, was introduced by the Government of India.
RERA has completely changed the way real estate operates in India, making it more organized, transparent, and buyer-friendly. Here’s everything every homebuyer should know about it.
🔍 What Is RERA?
RERA stands for the Real Estate Regulatory Authority. It was established to regulate the real estate sector and protect the interests of homebuyers. Every state and union territory in India has its own RERA authority.
The main purpose of RERA is to ensure that all real estate transactions are transparent, that buyers get what they are promised, and that projects are completed on time.
📋 Key Benefits of RERA for Homebuyers
-
Transparency in Information
Every RERA-registered project must disclose all details — layout plans, approvals, carpet area, project status, and timelines. Buyers can check these details anytime on the official RERA website of their state. -
Timely Project Delivery
Under RERA, developers are required to complete projects as per the promised schedule. Delays can lead to penalties or compensation for buyers. -
Protection Against False Promises
Builders can’t change project plans, design, or amenities without the consent of the majority of buyers. This gives more control to homebuyers. -
Advance Payments Are Regulated
A builder cannot demand more than 10% of the property’s cost as an advance before signing a sale agreement. -
Quality Assurance
If buyers find structural defects within five years of possession, the builder must fix them at no additional cost. -
Dedicated RERA Accounts for Funds
Developers must keep 70% of project funds in a separate escrow account, ensuring the money is used only for that project — reducing the risk of diversion.
🧾 Why You Should Buy Only RERA-Approved Properties
When a project is RERA-approved, it means it has gone through proper legal scrutiny and has met all the necessary compliance requirements. Buying RERA-registered property gives you:
✅ Legal assurance and safety
✅ Transparent project documentation
✅ On-time delivery promise
✅ Legal recourse in case of dispute
So, before you invest, always check the project’s RERA registration number — it’s your first step toward a safe investment.
📍 RERA and Saidham Builders
At Saidham Builders & Developers, every project — from Sainagri 7 to Sainagri 16 — is RERA-approved and NMRDA-sanctioned, ensuring complete transparency and trust. We believe in empowering every homebuyer with clarity, quality, and confidence.
🌟 Final Thoughts
RERA is not just a law — it’s a shield of protection for homebuyers and a mark of credibility for genuine developers. Whether you are buying your first home or investing in land for the future, choosing a RERA-approved property ensures peace of mind, safety, and long-term value.