RERA Guidelines for Buyers: Everything You Need to Know

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.

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.

RERA mandates that builders only sell and quote prices based on clear, net usable carpet area.

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

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
• Ace Ayodhya at Thergaon