RERA Real Estate Regulations & Consumer Safeguards
A simple guide to understanding your rights under the National RERA Act (Ministry of Housing). Learn how RERA keeps your money safe, prevents builder delays, and verify properties directly on official citywise government portals.
Key Protections Under the RERA Act
How simple RERA rules keep your money safe and make builders accountable.
Mandatory Registration
Projects over 500 sq. meters or with more than 8 apartments must be registered under RERA before launching, advertising, or selling units.
70% Bank Escrow Safety
Builders must deposit 70% of buyer payments into a dedicated escrow account. Withdrawals are permitted strictly for construction and land costs.
Carpet Area Pricing
Developers are legally mandated to price homes strictly on actual inner carpet area. Explore verified properties in Kolkata, Siliguri, and Durgapur.
Delay Compensation
If a builder delays possession beyond the promised timeline, they must pay interest to the buyer for every month of delay.
10% Booking Fee Cap
A developer cannot accept more than 10% advance money before signing and registering an official Sale Agreement with you.
5-Year Structural Warranty
If structural defects or poor construction quality show up within 5 years of handover, the builder must repair them free of charge within 30 days.
Visual Breakdown: RERA Escrow Money Allocation
Can ONLY be used for Land Cost & Property Construction. Builder cannot transfer this money elsewhere.
Used for administrative costs, marketing, and operational expenses.
What You Pay For: Carpet Area Visual
- Bedroom, Living Room & Dining Area
- Kitchen & Bathrooms
- Internal Partition Walls
- External Building Walls
- Balconies & Verandas (Priced Separately)
- Common Staircases, Lifts & Corridors
In standard legal terms, RERA calculates carpet area as usable net inner space:
*Note: Balconies, verandas, and private terraces attached to your unit must be disclosed separately.
Key Takeaway for Homebuyers
Always verify the official RERA registration number on your state's online portal before making an advance payment. Under RERA regulations, developers cannot accept more than 10% advance payment without signing a registered Agreement for Sale.
How RERA Protects You Step-by-Step
Check RERA ID on Govt Portal
Sign Agreement for Sale
Receive keys on committed date
Free repairs for structural flaws
Official RERA Requirements & Governance
Key statutory rules, agent fees, and regulatory standards.
| RERA Rule | Mandatory Requirement | Exemptions / Notes |
|---|---|---|
| Project Registration | Mandatory if land size is over 500 sq. meters OR project has more than 8 flats | Exempt for projects under 500 sq. meters AND 8 flats or fewer |
| Buyer Escrow Safety | 70% of funds locked in dedicated escrow bank account | 30% used for general construction operations and marketing |
| Individual Agent Fee | ₹25,000 Govt Fee (Valid for 5 Years) | Must renew every 5 years |
| Company Agent Fee | ₹2,50,000 Govt Fee (Valid for 5 Years) | Must renew every 5 years |
| Defect Warranty | Free repair for 5 years after possession | Builder must rectify defects within 30 days of notice |
Select your city or region below to verify project registration numbers, promoter profiles, or agent licenses directly on official government servers:
Frequently Asked Questions
Clear answers to your real estate legal rights.