The actual price a buyer pays the seller based on demand and supply.
Before 2016, the real estate sector in India often lacked transparency, leading to project delays and financial losses for buyers. The RERA Act was a landmark reform, creating a Real Estate Regulatory Authority in each state to protect consumers and promote fair business practices. Since its implementation, it has successfully moderated housing prices, curbed speculation, and restored consumer trust, making it the bedrock of a secure property market. By mid-2025, nearly 1.5 lakh projects and 1 lakh agents were registered under RERA, and 1.5 lakh consumer complaints had been successfully resolved. The Abc Of Real Estate In India Pdf Free Download
A cornerstone of RERA’s financial safeguards is the '70% escrow rule'. The Act mandates that collected from buyers for a project must be deposited in a separate, designated bank account. This money can only be withdrawn proportionally to the project's progress and used exclusively for construction of that specific project. This mechanism ensures the builder cannot divert your hard-earned money to other projects or uses, providing a crucial shield against fund misappropriation. The actual price a buyer pays the seller
Do not take physical possession or move into a property without an OC. It proves the building was constructed according to approved plans and is safe for habitation. The Act mandates that collected from buyers for
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