The Real Estate (Regulation and Development) Act, 2016, popularly called RERA, was a turning point for the Indian real estate market. It mandates project registration, capped advances, escrow accounts and timelines that are legally enforceable.
How to verify a RERA number
- Visit the state RERA portal (e.g. maharera.maharashtra.gov.in).
- Enter the registration number printed on the brochure.
- Confirm builder name, project area, completion date and any complaints filed.
Buyer rights under RERA
- Right to delay-interest if possession is delayed.
- Right to refund with interest if project is abandoned.
- Right to information on project plans, approvals and timelines.
At Solace Ventures every listing displays a verifiable RERA number wherever applicable.