Every person’s primary desire is to have a house of their own. However, owning a home entails a significant financial outlay. It’s also challenging for the average individual to build their own house since they must first agree to work together with a contractor who has their own set of terms and conditions. Before RERA, the home-buying process and the sector’s checks and balances lacked transparency and standardization.

The introduction of the RERA (Real Estate Regulating Act) in 2016 has made the process considerably more straightforward and transparent for developers. In 2016, the Indian Parliament approved the Real Estate (Regulation and Development) Act, 2016, which protects homebuyers. Though the concepts of the Act have greatly helped us, the implementation process does not seem to be simple. People still encounter significant difficulties in registering a project under RERA.

So far, many builders have registered their real estate projects with RERA Authorities, but they continue to fail to meet the quarterly compliances required by the Act and Rules. As a homebuyer, you may be wondering what this means for you in terms of filing a grievance or complaint.

RERA has a set of laws and regulations that must be fulfilled prior to purchasing a project. Let’s take a look at them.


What comes under the Real Estate Regulation Act (RERA)

The Act was enacted to safeguard the interests of purchasers. If the residential property you want to acquire comes within the Act’s purview, it is highly advised that you buy only if it is RERA-registered. As a result, the following points fall within the ambit of RERA.

  • As of the first of May, 2016, the Real Estate (Development and Regulation) Act has been passed by both houses of Parliament (Rajya Sabha and Lok Sabha).
  • “The consumer is king, and builders must ensure compliance in order to avoid penalties” follows.
  • Its primary goal is to minimize work delays or to complete the project on schedule.
  • Work quality has improved.
  • RERA applies to all construction projects with an area of 500 square meters or more than 8 flats.
  • Furthermore, all current and under-construction projects without an occupancy certificate must apply for a RERA certificate.
  • 70% of the money collected from customers is put in the escrow account, which may only be used for the project’s development.
  • To offer structural maintenance for five years following occupancy.
  • There should be no discrimination based on caste, creed, or gender, such that the practice of constructing a dwelling for a particular group is outlawed.
  • If the restrictions are broken, the builder may be fined 10% of the total cost or face a three-year prison sentence.
  • Be aware of any construction project that hasn’t been registered with your state’s Real Estate Regulation Act (RERA) before you buy.
  • These regulatory organizations were constituted in various Indian states and UTs to safeguard home buyers’ The deadline for registering projects under RERA was July 31, 2017, with projects not reported unlawful.
  • After the project has begun, the developer may only receive 10% of the cost.
  • After receiving a complaint, the goal is to remedy the issue within 30 days.

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In other words, purchasers acquiring homes in a project that has not yet been registered with RERA may experience challenges. They will be at a disadvantage if they contact RERA to submit a complaint.

If you invest in projects that are not registered under your state’s or UT’s RERA, you might face serious repercussions. RERA protects you from the following risks:

1 ) RERA safeguards you against fraud

State-level Real Estate Regulatory Authorities (RERAs) control transactions linked to residential and commercial projects and assure their prompt completion and transfer in builder fraud. These will now be forced to adjudicate claims in 60 days, which was previously difficult for purchasers to win against huge builders.

2) Buyers have complete transparency

At the time of booking, the promoter must provide the buyer with an allotment letter that includes sanctioned blueprints, layout plans, and specifications allowed by the authorities. The advocate must also provide a complete timeline and water, sanitation, and power supplies.

3 ) Advertisement prohibition

No promoter may market a real estate project without first registering it with the Real Estate Regulatory Authority established by this Act. Furthermore, each advertisement must include the RERA registration number.

4 ) Fine for late delivery

The new limits on delayed delivery mean that the promoter is now liable for the whole sum, plus interest if he fails to transfer property ownership within the period previously stipulated in the contract with the buyer.

5) Defect liability period extension

RERA protects against structural problems discovered after ownership for up to 5 years. The promoter is obligated to correct any faults found within 30 days, free of charge.

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6) Your Future Home Is a Step Away

Majestique Marbella Pune is offering world-class apartments in Khardi Pune. All of the flats, including the 3 BHK flat price in Khardi Pune, are cost-effective. The project is surrounded by greenery and has all of the required amenities at a reasonable price.

The flats are spacious and well-equipped with everything you need to lead a comfortable life. The project, Majestique Marbella Pune complies entirely with all government regulations and RERA requirements.


For the sake of openness and fairness in the real estate sector like Majestique Marbella Pune, and the advantage of buyers and consumers, the Real Estate Sector was regulated or brought into effect. It has been able to get some justice to the Act to some degree. Typically, purchasers were not given the keys; instead, they were forced to wait for extended periods to possess their home. As a result, while this Act has greatly benefited buyers, there are still flaws in the system. Complaint management, need for approvals, compliance issues, lack of synchronization between the developer and government authority, and registering on an online portal are among the few limitations which must be addressed. They should also include amendments that must be made for the legislation to function correctly. If you value your money, only purchase RERA-registered property to prevent future headaches.