Everyone needs some basic things for a living, out of which is a place to live. It’s not just about a piece of land or a flat, it’s about a space for your family, building memories, and securing your future.
It’s very difficult to decide on which builder to trust, there are so many builders, promises, paperwork, and risks involved. This is where RERA steps in to protect home buyers.
In this blog, we’ll explain what RERA is, why it is important, and why real estate developers like Abhinav Group follow RERA rules.
What is RERA and Why It Matters
RERA was introduced to bring accountability and transparency to real estate transactions. Before its implementation, many homebuyers faced delays, hidden charges, and lack of clarity issues we have always worked hard to avoid. Today, RERA makes it mandatory for developers like us to:
- Register every project officially before launching or advertising
- Share accurate project timelines, approvals, and land details
- Adhere to committed possession dates, or face penalties
- Maintain financial discipline by safeguarding buyers’ money in dedicated project accounts
- Offer post-possession support for five years to handle any structural issues
The problems faced by the buyers before RERA are as follows:
- Delay in possession of homes
- Hidden costs
- No clear information about the project
- Poor construction quality
- No action against fraudulent builders
To solve these problems, the government introduced RERA.
What Does RERA Do?
RERA creates a set of rules and regulations that all builders and real estate agents must follow. It ensures that both home buyers and builders stay fair with each other.
Here are some key things RERA does:
1. Registration of Projects
All residential and commercial real estate projects (above a certain size) must be registered with RERA before they can be advertised or sold. This means builders can’t just launch a project without official approval.
2. Accurate Information
Builders must provide all the correct details of the project, such as land status, layout plans, timeline, and approvals. This information is available on the RERA website, so buyers can check it before investing.
3. Timely Delivery
One of the biggest reasons RERA was introduced is to stop project delays. Now, builders must mention the possession date. If they delay without reason, they must pay compensation to the buyer.
4. No Misuse of Buyer’s Money
Builders can no longer use money from one project to fund another. Under RERA, 70% of the buyer’s money must be kept in a separate bank account and used only for that project.
5. Clear Legal Process
If buyers have complaints, they can file them easily through the RERA authority. The law ensures fast dispute resolution.
Why is RERA Important for Home Buyers?
If you are planning to buy a flat, plot, or house, RERA can save you from fraud and stress. Let’s see how it benefits you:
1. Protection Against Delays
Earlier, many buyers were left waiting for years for their homes. RERA binds the builder to complete the project on time, and the builder have to pay some amount as compensation in case of non-completion of the project. This gives buyers peace of mind that their dream home won’t be endlessly delayed.
2. Full Transparency
RERA provides information about:
- Builder’s history
- Project approvals
- Construction progress
- Completion timeline
This makes it easier to trust your builder and make the right decision.
3. Fair Pricing
Before RERA, builders charged based on super built-up area, which included walls, lifts, and common areas. Now, they must sell based on carpet area, which is the actual space inside your home. This means you pay only for what you use.
4. Quick Complaint Redressal
If you feel cheated or if the builder breaks the promise, you can file a complaint with the RERA authority. It will be solved in a quick and fair manner. No more running around in courts or being ignored!
5. Builder’s Responsibility After Possession
Even after giving you possession, the builder is responsible for fixing construction defects for 5 years. So if anything goes wrong in the house, the builder must repair it at no extra cost.
How We Embrace RERA at Abhinav Group
Here’s how we not only meet RERA requirements—but exceed them to deliver peace of mind to every customer:
1. 100% RERA-Compliant Projects
Every project we build is RERA registered. That means you’ll find all relevant details plans, approvals, timelines available transparently on the RERA portal.
2. On-Time Delivery is Our Promise
Delays create stress. We take project timelines seriously and plan execution in a way that ensures you get possession as promised.
3. Pricing with Clarity
We sell based on carpet area only—no inflated rates, no surprises. You pay for the home you live in, not for lobbies and lift areas.
4. Your Money is Safely Utilized
As per RERA norms, 70% of customer payments are allocated strictly for that project. This financial discipline ensures project progress without diversion.
5. We Stay Accountable Even After Possession
We stand by our work. Any structural defect within 5 years of possession? We fix it at no additional cost—as mandated by RERA.
Why You Should Ask for RERA
If you’re planning to invest in a home, make RERA your first filter. It’s your right to know:
- Is the project registered with RERA?
- What are the promised delivery timelines?
- Is the pricing fair and based on carpet area?
- Will you have legal support in case of a dispute?
With RERA, you have these answers upfront.
Our Message to Homebuyers
We see RERA not as a regulation, but as a reassurance—for you and for us. It has helped professional developers build deeper trust with homebuyers and raise the standards of the entire industry.
At Abhinav Group, we don’t just comply with RERA—we welcome it. Because when you’re making one of the biggest decisions of your life, you deserve transparency, timeliness, and trust.
Let’s build that dream together—confidently, compliantly, and with complete peace of mind.
