Buying a property is one of the biggest financial decisions you’ll ever make. The RERA compliance guide is here to protect you from delays, fraud, and hidden charges โ all too common in the real estate industry.
At Bhumesh Realtors, we believe in complete transparency and customer-first service. This blog will help you understand the essentials of RERA compliance and how it benefits homebuyers and investors alike.
๐งพ What is RERA?
RERA stands for Real Estate (Regulation and Development) Act, which was implemented in 2016 by the Government of India. It aims to bring transparency, accountability, and efficiency to the real estate sector.
Whether you’re purchasing your first home or a commercial property, this RERA compliance guide will help you navigate the legal framework with ease.
โ Why is RERA Important for Buyers?
RERA compliance ensures:
- Timely delivery of projects
- Full refund with interest in case of delays
- No project can be sold unless registered with RERA
- Buyers get access to project plans, layout, approvals, and construction status
Bhumesh Realtors strictly adheres to RERA compliance guidelines, giving our clients peace of mind and legal protection at every step.
๐ Key Features Covered in the RERA Compliance Guide
- Project Registration: Every builder must register their project with the respective state RERA authority before advertising or selling.
- Escrow Account: 70% of the buyerโs money must go into a separate escrow account to ensure funds are used only for the projectโs development.
- Transparent Information: Developers must disclose project details including floor plans, approvals, land status, and completion timeline.
- Grievance Redressal: RERA offers a clear path for filing complaints and getting disputes resolved within 60 days.
- Penalties for Non-Compliance: Builders who violate the rules can face heavy penalties or even imprisonment.
๐ข How Bhumesh Realtors Follows RERA Compliance
At Bhumesh Realtors, every listed project is:
- 100% RERA registered
- Vetted for legal clearance
- Transparent in pricing and possession timelines
- Backed by reliable builders
Our dedicated legal and advisory team ensures buyers understand their rights under this RERA compliance guide and make safe investments.
๐ค Final Thoughts: Why You Should Care About RERA
The RERA compliance guide isn’t just a legal document โ it’s your shield as a buyer. With rising property scams and construction delays, this law is your strongest ally.
Bhumesh Realtors encourages all buyers to verify RERA registration before making any payment. With us, you’re not just buying property โ you’re buying trust.
๐ Need Help Understanding RERA?
Get in touch with Bhumesh Realtors for a free consultation. Let our experts walk you through the RERA compliance guide tailored to your needs.