RERA: A Game-Changer for Property Buyers
The Real Estate (Regulation and Development) Act, 2016 — commonly known as RERA — was enacted to protect the interests of home buyers and promote transparency in the real estate sector. Before RERA, home buyers often faced delays, lack of information, and financial losses due to unscrupulous builders.
Key Protections Under RERA
- Mandatory Registration: All real estate projects with land exceeding 500 sq. meters or 8 apartments must be registered with the state RERA authority before advertising or selling.
- Advance Payment Cap: Builders cannot demand more than 10% of the property cost as advance before executing the Agreement for Sale.
- Carpet Area Transparency: Prices must be disclosed based on carpet area, not super built-up area, eliminating ambiguity.
- Timely Delivery: Builders must deliver possession as per the agreed timeline. Delays entitle buyers to compensation or refund with interest.
- Structural Defect Warranty: Builders are liable for structural defects for 5 years from the date of possession.
How to File a RERA Complaint
If a builder has violated any RERA provisions, you can file a complaint with the state RERA authority online. The process involves:
- Visit the state RERA website (for Gujarat: gujararera.gujarat.gov.in)
- Register as a complainant
- Submit the complaint form with supporting documents
- Pay the prescribed fee
- The authority will hear both parties and pass an order
Our property law team assists buyers across Gujarat in filing and pursuing RERA complaints. We have successfully secured refunds and compensation for numerous clients.