Frequently Asked Questions About RERA

What is the RERA Act?

The Real Estate (Regulation and Development) Act, 2016 (RERA) is a law enacted by the Indian Parliament to protect the interests of homebuyers and to promote investment in the real estate sector.

How to File a Complaint Under RERA?

A complaint under RERA must be filed in the form prescribed by the respective state rules. Complaints regarding a registered project under RERA can be filed within the specified time limit for any violation or breach of the Act's provisions or the rules and regulations framed under RERA.

How to Verify the RERA Registration Number?

Buyers can verify the RERA registration number on the respective state's portal. Each website lists registered projects along with their RERA registration number, approvals, and other documents.

What is RERA Approval?

Typically, RERA approval means that a project is registered with RERA. Builders must follow certain guidelines to register their project with the authority, which includes approvals, land ownership, and insurance.

How to Calculate the Carpet Area Under RERA?

According to RERA, the carpet area is defined as 'the net usable floor area of an apartment,' excluding the area covered by external walls, services shafts, exclusive balcony or verandah area, and exclusive open terrace area, but including the area covered by the internal partition walls of the apartment.

How Does RERA Help Buyers?

RERA protects the interests of homebuyers and investors by regulating the real estate market and making it more transparent. Approximately 70% of the total real estate projects in the country fall under the jurisdiction of RERA authorities.

How to Apply for RERA Registration?

Property agents and builders can apply for RERA registration in the name of an individual or a company on the respective state RERA portals. All necessary documents required for registration must be submitted to the authority.