The Real Estate (Regulation & development) Act , (RERA) is a revolutionary reform by the Government of India in the real estate sector. Promoting the professionalism and infusing the transparency, this Act strikes out all unambiguous deeds of doing business in the real estate sector. Well, we all know that the motive of the RERA is to safeguard the interest of buyers, but the way of doing so by the RERA is usually misunderstood.

If a promoter fails to obtain the permission, the Real Estate Regulatory Authority will not approve the project registration and the developer can’t market or sell the units. It also states that the project must be verified by an authorised architect, including minor alternations after the construction of the project. Thus, the RERA will not directly verify the documents related to real estate projects submitted by the developers. It makes the promoter, engineer and the architect involved in the project construction liable for any ambiguities and misconducts.

So, one can buy the RERA registered projects, but the buyers must verify all the documents related to the project by themself. Also, the rules may change from state to state so we would recommend buyers to go through the state-wise RERA rules before taking any decision.