The Real Estate Regulatory Authority (RERA) was established in 2016 to protect homebuyers from fraudulent developers. Understanding RERA is essential for every property investor in India.
What RERA Does for You
- Developers must register all projects with the state RERA authority before marketing or selling
- All project details (approvals, timeline, floor plans) are public on the RERA portal
- Developers must keep 70% of buyer funds in an escrow account — they cannot divert your money
- Penalties apply for delivery delays — builders must compensate buyers for every month of delay
- Defects in construction must be fixed free of cost for 5 years post-possession
How to Verify a Project on RERA
Every state has its own RERA portal. For Uttar Pradesh: up-rera.in. For Gujarat: gujrera.gujarat.gov.in. For Delhi: rera.delhi.gov.in. Simply search the developer name or project name to see their registration status, approved plans and any complaints filed.
What Brickwise Verifies for You
Every project recommended by Brickwise is RERA verified before we present it to investors. We check: registration status, land title, approved layouts, developer track record and any RERA complaints filed against the developer.
Contact us at 9971116724 for a free due diligence check on any project you are considering.
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