The Real Estate (Regulatory and Development) Act, 2016 (RERA) was enacted by the Parliament of India to regulate the real estate sector and bring transparency, fairness, and accountability to transactions between real estate developers (promoters) and buyers (allottees). The main objective of RERA is to protect the interest of home buyers, resolve disputes efficiently, and promote confidence in the real estate industry.

This Act came into force on 1 May 2016, and under its provisions, each state and Union Territory must establish its own Real Estate Regulatory Authority (RERA) and Appellate Tribunal to implement the Act. The Authority plays a key role in registering real estate projects and agents, addressing complaints, and ensuring fairness in transactions.

At Delhi NCR Lawyer, we specialize in guiding developers, buyers, and real estate stakeholders through all RERA-related procedures — from registration of projects and filing complaints to representation in disputes — and protecting their legal rights under the Act.

Main Features of RERA

•       ~ Registration of Projects: All residential and commercial projects exceeding 500 sq. m. of land or having more than 8 apartments must be registered with RERA before marketing or selling the project.
•       ~ Registration of Agents: Real estate brokers and agents must be registered with RERA to facilitate transactions.
•       ~ Transparency: Developers must publish all project details — plans, approvals, land titles, timelines — on the RERA website.
•       ~ Project Accountability: 70% of the amounts collected from allottees must be kept in a separate bank account and used only for project-specific expenses.
•       ~ Quality and Delivery: The builder is liable to rectify defects for 5 years from possession.
•       ~ Compensation: Allottees are eligible for compensation for delays or deviations from promises made by the builder.
•       ~ Rapid Dispute Resolution: RERA provides for Adjudicating Officer and Appellate Tribunal to resolve disputes quickly, typically within 60 days of filing a complaint.

Benefit of RERA

•       ~ Boosts Consumer Protection: All transactions become more transparent and less prone to fraud and unfair practices.
•       ~ Precludes Unanticipated Delays: Strict timelines for delivery and penalties for delay help protect buyers’ financial and emotional investment.
•       ~ Enhances Investor Trust: The Act brings discipline and credibility to the sector, thereby instilling confidence in prospective buyers and investors.
•       ~ Cleaner Market Practices: Mandatory disclosure and separate escrow account instil financial discipline amongst developers.
•       ~ Effective Grievance Mechanism: The Appellate Authority provides a specialized forum for resolution of disputes, reducing the caseload of civil courts.

Our Services - RERA Support

•       ~ We advise developers on registration requirements and filing procedures under RERA.
•       ~ We prepare and submit project registration applications and documents to the RERA Authority.
•       ~ We guide real estate agents and brokers through their registration process under RERA.
•       ~ We help home buyers and allottees file complaints against builders for delay, fraud, or unfair practices.
•       ~ We provide legal representation at RERA and the Appellate Authority to resolve disputes quickly and effectively.
•       ~ We advise stakeholders on their rights and obligations under RERA, helping to avoid future disputes.