{"id":15498,"date":"2025-03-25T07:59:50","date_gmt":"2025-03-25T07:59:50","guid":{"rendered":"https:\/\/lxme.in\/?p=15498"},"modified":"2025-04-02T10:21:57","modified_gmt":"2025-04-02T10:21:57","slug":"what-is-rera-in-real-estate","status":"publish","type":"post","link":"https:\/\/lxme.in\/v1\/what-is-rera-in-real-estate\/","title":{"rendered":"What is RERA in Real Estate and what are its benefits?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/lxme.in\/v1\/what-is-rera-in-real-estate\/#What_is_RERA\" >What is RERA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/lxme.in\/v1\/what-is-rera-in-real-estate\/#What_are_RERA_Benefits\" >What are RERA Benefits?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/lxme.in\/v1\/what-is-rera-in-real-estate\/#1_No_Project_Delays\" >1. No Project Delays:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/lxme.in\/v1\/what-is-rera-in-real-estate\/#2_Transparency_in_Pricing\" >2. Transparency in Pricing:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/lxme.in\/v1\/what-is-rera-in-real-estate\/#3_Protection_of_Your_Money\" >3. Protection of Your Money:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/lxme.in\/v1\/what-is-rera-in-real-estate\/#4_Lesser_Risk_of_Builder_Insolvency\" >4. Lesser Risk of Builder Insolvency:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/lxme.in\/v1\/what-is-rera-in-real-estate\/#5_Advance_Payment_Limit\" >5. Advance Payment Limit:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/lxme.in\/v1\/what-is-rera-in-real-estate\/#6_Buyers_Right_to_Information\" >6. Buyer\u2019s Right to Information:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/lxme.in\/v1\/what-is-rera-in-real-estate\/#7_Legal_Protection\" >7. Legal Protection:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/lxme.in\/v1\/what-is-rera-in-real-estate\/#8_No_More_False_Promises\" >8. No More False Promises:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/lxme.in\/v1\/what-is-rera-in-real-estate\/#9_Interest_and_Compensation\" >9. Interest and Compensation:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/lxme.in\/v1\/what-is-rera-in-real-estate\/#10_Defect_Liability_for_5_Years\" >10. Defect Liability for 5 Years:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/lxme.in\/v1\/what-is-rera-in-real-estate\/#11_Boosts_Real_Estate_Investment\" >11. Boosts Real Estate Investment:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/lxme.in\/v1\/what-is-rera-in-real-estate\/#12_Mandatory_Clearances_Before_Selling\" >12. Mandatory Clearances Before Selling:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/lxme.in\/v1\/what-is-rera-in-real-estate\/#Why_Should_You_Check_for_RERA_Registration\" >Why Should You Check for RERA Registration?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/lxme.in\/v1\/what-is-rera-in-real-estate\/#FAQs\" >FAQs:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/lxme.in\/v1\/what-is-rera-in-real-estate\/#How_does_RERA_protect_homebuyers_from_fraud_and_delays\" >How does RERA protect homebuyers from fraud and delays?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/lxme.in\/v1\/what-is-rera-in-real-estate\/#What_penalties_do_builders_face_under_RERA_for_non-compliance\" >What penalties do builders face under RERA for non-compliance?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<p>Today, women are not only making a house into a home but also confidently stepping up and buying their own houses. However, buying a home is a huge decision involving your hard-earned money. That\u2019s why it\u2019s crucial to know the rules that protect your rights as a home buyer. One of the most important things you should know about while buying a home is <strong>RERA<\/strong>,&nbsp; a law made just for homebuyers like you to make your home-buying journey safer and more transparent.&nbsp;<\/p>\n\n\n\n<p>So, in this blog, we\u2019ll understand what is RERA and what are RERA benefits,<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_RERA\"><\/span><strong>What is RERA?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>RERA stands for <strong>Real Estate Regulatory Authority<\/strong>. The Government introduced it to bring <strong>transparency, efficiency, and accountability<\/strong> to the real estate sector. Before RERA, many homebuyers used to face delays, hidden charges, and even fraud by builders. Now, thanks to RERA, there are strict rules to ensure homebuyers get what they are promised.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_RERA_Benefits\"><\/span><strong>What are <\/strong><strong>RERA Benefits<\/strong><strong>?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_No_Project_Delays\"><\/span><strong>1. No Project Delays: <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Builders must register their projects under RERA and provide a completion timeline. If they delay, they will have to compensate the buyers!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Transparency_in_Pricing\"><\/span><strong>2. Transparency in Pricing: <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>With RERA, you only pay for the carpet area (the actual usable area inside your home), not the super-built-up area, which includes common spaces like stairs and lobbies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Protection_of_Your_Money\"><\/span><strong>3. Protection of Your Money:<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Builders must keep 70% of the funds collected from buyers in a separate bank account. This prevents misuse of your money and ensures it\u2019s only used for your project.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Lesser_Risk_of_Builder_Insolvency\"><\/span><strong>4. Lesser Risk of Builder Insolvency<\/strong>: <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Since funds cannot be diverted to other projects, or can be misused the risk of builders going bankrupt is reduced, safeguarding your money\/investment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Advance_Payment_Limit\"><\/span><strong>5. Advance Payment Limit: <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Builders cannot demand more than 10% of the property cost as a booking advance, protecting from unfair demands and saving you from high upfront costs.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_Buyers_Right_to_Information\"><\/span><strong>6. Buyer\u2019s Right to Information: <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>You can access complete project information, including land status, contractors, approvals, and any changes made during construction. As a buyer, you have the right to know every detail about the project&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"7_Legal_Protection\"><\/span><strong>7. Legal Protection: <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If a builder fails to deliver as promised, you can file a complaint with RERA authorities and get justice faster.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"8_No_More_False_Promises\"><\/span><strong>8. No More False Promises: <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Builders cannot advertise or sell a project unless and until it\u2019s RERA-registered. This means they must follow ethical marketing and not mislead buyers. Under RERA, every advertisement must mention the RERA registration number.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"9_Interest_and_Compensation\"><\/span><strong>9. Interest and Compensation: <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If there\u2019s a delay, the builder is legally bound to pay interest. Moreover, if you find any defect in the property title during possession, you can claim compensation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"10_Defect_Liability_for_5_Years\"><\/span><strong>10. Defect Liability for 5 Years: <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>After possession, if any structural defects arise within 5 years, then the builder must fix them at no extra cost.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"11_Boosts_Real_Estate_Investment\"><\/span><strong>11. Boosts Real Estate Investment: <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>With clear rules and buyer protection, RERA builds trust and boosts real estate investments in India.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"12_Mandatory_Clearances_Before_Selling\"><\/span><strong>12. Mandatory Clearances Before Selling:<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Builders can sell projects only after getting all necessary clearances and approvals. This protects buyers from legal or construction issues later.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_Should_You_Check_for_RERA_Registration\"><\/span><strong>Why Should You Check for RERA Registration?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Before booking your dream home, always check if the project is <strong>RERA-registered<\/strong>. You can do this online by visiting your state\u2019s RERA website of your particular state. A registered project means you are protected under the law &amp; you can enjoy all the above benefits.<\/p>\n\n\n\n<p>Buying a home is a big decision, and RERA makes it <strong>safer and more transparent<\/strong> for homebuyers, especially for women who are taking charge of their financial future. Next time you look for a property, just check <strong>if it\u2019s RERA-registered or not! If it\u2019s not, then it\u2019s not worth the risk!<\/strong><\/p>\n\n\n\n<p>If you are also planning to buy a home, then you can start saving and investing for the down payment of your dream home. You can check out the<a href=\"https:\/\/lxme.onelink.me\/95JV\/homefeed66\" target=\"_blank\" rel=\"noreferrer noopener\"> Lxme app<\/a>&#8211; <a href=\"https:\/\/lxme.in\/\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/lxme.in\/\" rel=\"noreferrer noopener\">investment for women<\/a> and look out for expert-curated portfolios that are well-researched &amp; diversified.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1742539229280\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"How_does_RERA_protect_homebuyers_from_fraud_and_delays\"><\/span><strong>How does RERA protect homebuyers from fraud and delays?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>RERA protects homebuyers by making sure builders register projects, follow strict timelines, and use buyer\u2019s money only for that project. If in case there is a delay or fraud, buyers can claim compensation, refunds, or file complaints directly with RERA.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1742539278554\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"What_penalties_do_builders_face_under_RERA_for_non-compliance\"><\/span><strong>What penalties do builders face under RERA for non-compliance?<\/strong><br><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The penalties builders will face in case of non-compliance of RERA is, 10% of the project cost for non-registration. 3 years of imprisonment or 10% of the project cost for not obeying the orders under RERA<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [{\n    \"@type\": \"Question\",\n    \"name\": \"How does RERA protect homebuyers from fraud and delays?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"RERA protects homebuyers by making sure builders register projects, follow strict timelines, and use buyer\u2019s money only for that project. If in case there is a delay or fraud, buyers can claim compensation, refunds, or file complaints directly with RERA.\"\n    }\n  },{\n    \"@type\": \"Question\",\n    \"name\": \"What penalties do builders face under RERA for non-compliance?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"The penalties builders will face in case of non-compliance of RERA is, 10% of the project cost for non-registration. 3 years of imprisonment or 10% of the project cost for not obeying the orders under RERA\"\n    }\n  }]\n}\n<\/script>\n\n\n\n<p>Further read:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/lxme.in\/what-is-nfo-and-how-can-investors-benefit-from-it\/\" target=\"_blank\" rel=\"noreferrer noopener\">What Is NFO and How Can Investors Benefit from It?<\/a><\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/lxme.in\/what-is-cdsl-easi-and-how-to-register-for-it\/\" target=\"_blank\" rel=\"noreferrer noopener\">What is CDSL Easi and How to Register for It?<\/a><\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/lxme.in\/difference-between-net-worth-vs-liquid-net-worth\/\" target=\"_blank\" rel=\"noreferrer noopener\">Overall Net Worth VS Liquid Net Worth: What\u2019s The Difference<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Today, women are not only making a house into a home but also confidently stepping up and buying their own houses. However, buying a home is a huge decision involving your hard-earned money. That\u2019s why it\u2019s crucial to know the rules that protect your rights as a home buyer. One of the most important things <a href=\"https:\/\/lxme.in\/v1\/what-is-rera-in-real-estate\/\" class=\"more-link\">&#8230;<span class=\"screen-reader-text\">  What is RERA in Real Estate and what are its benefits?<\/span><\/a><\/p>\n","protected":false},"author":10,"featured_media":15499,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[656],"tags":[972,970,973,971],"class_list":["post-15498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-budgeting","tag-how-to-check-rera-registration","tag-rera-approved-meaning","tag-rera-benefits","tag-what-is-rera"],"acf":[],"_links":{"self":[{"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/posts\/15498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/comments?post=15498"}],"version-history":[{"count":4,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/posts\/15498\/revisions"}],"predecessor-version":[{"id":15682,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/posts\/15498\/revisions\/15682"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/media\/15499"}],"wp:attachment":[{"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/media?parent=15498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/categories?post=15498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lxme.in\/v1\/wp-json\/wp\/v2\/tags?post=15498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}