May 26, 2025

What is RERA Registration? Its Benefits and Objectives

Investing and buying a property is one of the important financial decisions in a person’s life. However, for many years, it has been seen that the real estate market lacked transparency, and the homebuyers found themselves at the mercy of unscrupulous builders and delayed projects. To protect consumers, the Government of India introduced the Real Estate Regulatory Authority Act, 2016 commonly known as RERA. 

What is RERA?

RERA stands for Real Estate Regulatory Authority Act. It was introduced in 2016 for promoting transparency, accountability and efficiency in the sector of real-estate. Under this act, all commercial and residential real estate projects must register with RERA before advertising or selling. This law is applicable across India and every state and union territory has its own RERA. 

What is RERA Registration? 

RERA Registration is the process by which builders, developers, and real estate agents register their projects or services with the real estate RERA authority. Without registration, the developers are not legally permitted to market, sell books, or sell their projects. 

What Does Registration Involve?

It is important to submit the details of the projects.

• Disclosure of the promoter’s background
• Mention of non-built-up areas. 
• The proof of land ownership and legal clearances. 
• Commitment to complete the project within the standard timeline. 

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Objectives of RERA

• Promotes Homebuyers’ Interest- The primary goal of RERA is to protect buyers from fraudulent practices and ensure that they are getting what they are promised in terms of quality, space, and legal documentation. 
• Enhance Transparency- RERA discloses the project-related information on public portals. It is very helpful for buyers as they can now verify the status of the project, timeline, promoter details and legal status. 
• Ensures Timely Delivery- Delays are the major issue of most of the projects. RERA ensures that the project will be delivered within the standard time without compromising the quality. 
• Boost Accountability- Developers are now responsible and accountable for the commitments they make. 
• Encourage Investment- With transparency and legal backing, RERA aims to make the real estate attractive for domestic and foreign investors. 

Benefits of RERA

For Homebuyers

•  Transparency in Information- Buyers get verified and detailed knowledge of project which includes approvals, project date, carpet area, progression date and legal titles. 
•   Protection Against Delays- Developers tell about the project's completion date and stick to it. This ensures timely delivery of project and if they delayed the project they are liable to compensate the buyer with interest. 
•  Advancement Payment Restriction- A developer cannot ask for more than 10% of the property cost as an advance before signing a sale agreement. 
•  Right to Refund
• If the project is being delayed beyond the specified timeline or if there is any major discrepancy, the buyer has the right to withdraw the money and claim a refund with the amount of interest. 

For Developers

•  Improve Buyer Confidence- As a result of transparency, there is better sales. Buyers will be more likely to invest in RERA-registered projects due to transparency and legal protection it offers. 
• Streamlined Approval Process- Through the implementation of RERA, there is a faster and better approval process for developers from local authorities. 
•  Increased Credibility- RERA registration boosts a developer's credibility. It ensures buyers that the developer is reliable and in compliance with laws.

Real Estate Agents

• Legal Status
• Agents must now register themselves with RERA, providing them with an accepted status within the industry.
• Improved Business Opportunities
• Dealing with RERA-registered projects instills confidence among clients and enhances deal closure possibilities.

What is Rajasthan RERA Registration?

It is a legal process for real estate developers and agents operating in the state to register their projects and business with the Rajasthan real estate Regulation Authority. 

Key Objectives of Rajasthan RERA

• Ensures Transparency in Every Project- RERA requires developers to disclose the information related to the project, like legal titles, layouts, and project timeline. 
• Standardized Real Estate Practices- RERA has established uniform standards for the measurement of various factors, like carpet area. This will reduce the confusion caused by varied interpretions such as high-built-up areas. 
• Dispute Resolution- Rajasthan RERA has a judicial body that enables buyers, agents, and developers to resolve disputes and promotes transparency. 

Conclusion

RERA has transformed the Indian real estate landscape by bringing structure and trust into an industry once known for chaos and confusion. Whether you’re a first-time homebuyer or a seasoned investor, RERA registration ensures that your interests are legally protected. It has leveled the playing field, empowered consumers, and encouraged more ethical practices in real estate. It is important to register under the RERA Act as it promotes transparency. 
Before you invest in any property, always check the RERA registration and understand your rights as a buyer. It’s not just a legal formality—it’s your key to a safe, secure, and informed real estate journey.