RERA Guidelines for Buyers_ Everything You Need to Know.docx (1)

1. RERA Guidelines for Buyers: Everything You Need to Know Homebuyers used to get the raw end of the deal. Builders would promise the moon and deliver scraps. There was no way to verify anything they said. Projects would drag on forever. Fighting it out in court meant burning through years and money. Then RERA showed up. Everything flipped overnight. The Real Estate Regulation and Development Act handed buyers real power. It set up a system that builders actually have to respect now. Anyone looking to buy a home today needs to understand how this works. Planning to buy? These RERA rules will save you from getting burned. Projects Must Be Registered Builders can no longer start selling flats without registering the project. That is the first rule. Every housing project must be listed on the state RERA portal. If the builder is not listed that means the project is not approved. Buyers must always check this. It is easy. You just go to the portal and search the project name. Once the listing appears you can view details like timeline and approvals. If a project is not on RERA avoid it. You are not protected in such cases. Only Ten Percent Can Be Taken Before Agreement Here's where RERA really flexes its muscle. Builders used to demand huge chunks of money upfront before signing anything concrete. Now they can only ask for ten percent of the total price as booking money. This keeps your financial risk low. It also stops them from using your cash to fund their other ventures. Once you sign the proper agreement you know your money is tied to your specific unit. All Payments Must Go Into a Separate Account RERA makes sure your money is safe. Builders must now keep seventy percent of the money they collect in a special account. That account is only for construction and land cost for the same project.

2. They cannot move it to other sites or use it for buying land. This keeps the project going and avoids delay. Buyers benefit because the project stays funded and does not stop halfway. Builders Must Update Project Status Gone are the days when you had to trust verbal updates. RERA rules say that builders must regularly update project progress on the portal. They must upload photos. They must give reports. Buyers can check how much work is done. They can also see if timelines are being met. This gives you control. It removes guesswork. Completion Timeline is Legally Binding RERA makes the promised delivery date a legal commitment. Builders must finish the work by the timeline they submitted. If they delay it they must pay you interest. Many people earlier had to pay rent and EMI for years due to late handovers. Now if the builder delays you get paid for that delay. This creates pressure to finish on time. No Changes Without Consent Builders used to change layout and amenities after bookings. That caused trouble for buyers. With RERA they cannot do that anymore. If they want to change the design or number of floors they need approval from at least two thirds of the buyers. You are no longer at the mercy of the builder. You have legal power now. Clear Carpet Area Must Be Mentioned Flats were earlier sold using terms like super built up area. Buyers never really knew how much space they were getting. RERA fixed this. Penalty for False Advertising Builders now face penalties for misleading ads. If they show sample flats or give brochures they must match final delivery. All ads must carry the RERA registration number. You get the right to claim a refund or file complaint if what was promised does not match what is given. This has made advertising more honest. Standard Sale Agreement Format

3. Before RERA each builder had their own agreement. Some had unfair terms. Some skipped key points. RERA introduced a standard format that includes timeline penalty clauses and clear pricing. Now buyers can read and understand their rights. Every clause is backed by law. If the builder breaks it you can act legally. Dispute Resolution Made Simple Earlier buyers had to file long legal cases. That changed with RERA. You can now file a complaint directly with the authority online. Hearings happen fast. Orders are passed quickly. You do not need years to get justice. You do not need complex legal support. RERA gives you access to a fair system. Agents Must Be Registered Too Not just builders, even real estate agents must register under RERA. If an agent is not registered they cannot sell flats in any approved project. This ensures only verified agents are part of the transaction. If an agent gives false details they can be held responsible. Jhamtani Follows RERA Guidelines Jhamtani is a trusted name in Pune real estate. Every project they launch is RERA registered. Buyers get full legal clarity and clean documentation. Here are some of their active residential projects: ● Jhamtani Elevate at Mundhwa ● Ace Aster at Ravet ● Jhamtani BIZCORE at Koregaon Park NX ● Ace Villas at Koregaon Park NX ● ACE Atmosphere at Ravet ● Nandan Ace at Balewadi Jhamtani provides full support from day one. Their teams share clear payment plans and timelines. Their work sites match their brochures. Buyers receive regular construction updates. Their track record shows timely handovers. They follow every RERA rule with care.

4. Conclusion If you are buying a home RERA is your strongest tool. It protects your money. It gives you power. It keeps builders accountable. You must always check the RERA number before booking. You must always read the registered details on the portal. You must only deal with registered agents. Real estate is serious. One mistake can cost you years. When you know the RERA rules you stay safe. You get what you pay for. You move in without stress. Faqs 1. What is RERA and why does it matter to homebuyers? RERA stands for Real Estate Regulatory Authority. It protects homebuyers by making sure builders follow rules. It brings honesty and gives legal power to buyers. 2. How do I check if a project is RERA approved? You can visit the RERA portal of your state. For Maharashtra you can search the project name on the MahaRERA website. You will find all project details there. 3. Can a builder ask for full payment before signing an agreement? No. Under RERA the builder can only take ten percent of the flat cost before the agreement is signed. 4. What happens if the builder delays the project? If the builder misses the promised timeline they must pay interest to the buyer. This is part of the legal agreement under RERA. 5. Is there a limit on how the builder uses my money? Yes. Seventy percent of your payment must go into a separate account. It can only be used for that project’s construction and land cost. 6. Can builders change the layout or plan after booking? No. Builders cannot change the layout or plan unless two thirds of buyers approve the change in writing. 7. How is the carpet area different from a super built-up area? The carpet area is the actual usable space inside the flat. RERA only allows builders to sell based on carpet area. Super built-up is not allowed for pricing anymore. 8. What if I get a flat that looks different from the brochure? You can file a complaint. RERA treats this as false advertising. The builder may have to refund your money or face a penalty.

5. 9. How do I file a complaint under RERA? You can file it online through your state RERA website. The process is simple and does not need a lawyer. 10. Do real estate agents also follow RERA rules? Yes. Agents must register with RERA. If they are not registered they cannot sell flats in approved projects.