RERA Rajasthan: What Every Home Buyer Must Know
Before the enactment of the Real Estate (Regulation and Development) Act (RERA) in 2016, home buyers faced regular hurdles: project delays, changes in floor layouts without consent, and diversion of funds. RERA Rajasthan was established to protect the rights of property buyers, enforce transparency, and build trust in the sector. This guide explains how RERA Rajasthan works and how you can protect your investment.
1. What is RERA Rajasthan?
RERA Rajasthan is the state regulatory body that mandates all commercial and residential projects spanning over 500 sq.meters or having more than 8 apartments to register before advertising or launching. Registered projects receive a unique RERA Registration Number, which builders must display on all marketing collateral.
2. Key Benefits RERA Offers to Home Buyers
- Protection Against Delays: Builders must specify a project completion date. If they fail to deliver, they must pay interest to the buyer for every month of delay.
- No Diverting of Funds: Developers are legally required to deposit 70% of the customer collections into a separate escrow account, ensuring funds are spent only on construction of that specific project.
- No Alterations Without Consent: Builders cannot alter the approved building layouts or structures without the written consent of two-thirds of the buyers.
- Defect Liability Period: The developer is responsible for fixing structural defects for 5 years after possession, free of cost.
| Parameter | Before RERA | Under RERA Rajasthan |
|---|---|---|
| Delays | No penalty, buyer had to wait indefinitely | Mandatory interest penalty paid to buyer |
| Fund Usage | Funds diverted to buy new lands | 70% locked in project escrow account |
| Area Sale | Sold on vague super built-up area | Sold strictly on clear carpet area |
How to Verify a Project on the RERA Rajasthan Portal
Before paying any token amount to a developer, visit the official RERA Rajasthan portal. Go to 'Search Registered Projects', enter the RERA number or developer name, and review the approved drawings, pending litigations, construction timeline, and bank account information. Shihani Homes only lists 100% verified, RERA-approved properties.
Frequently Asked Questions
Can a developer change prices after booking under RERA?
No, once the Agreement for Sale is signed, the builder cannot change the basic cost of the apartment unless explicitly mentioned in the contract.
What should I do if my builder is not RERA registered?
It is highly risky to buy in a non-RERA project as you lose regulatory protection. Always choose registered projects with active registration status.
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