Understanding RERA and How it Protects Home Buyers
Buying a home is a big step for most people. It involves a lot of trust, money, and planning. In the past, many buyers in India faced problems like project delays, unclear documents, and hidden charges. To protect homebuyers and bring more fairness into real estate, the Indian government introduced RERA.
If you are planning to invest in a project like Godrej MSR City in Shettigere, North Bangalore, it is important to understand how RERA works and how it protects you.
What is RERA?
RERA is established under Real Estate (Regulation and Development) Act, passed in 2016. It is a law made to bring more transparency, trust, and fairness between buyers and builders. All new projects must be registered under RERA before being sold.
This law applies to residential and commercial projects in almost all states in India.
How RERA Helps Homebuyers
Timely Project Completion
Before RERA, many builders delayed their projects without any clear reason. Now, developers must give a delivery date and follow it. If they don’t, they must pay a penalty to the buyer. This helps projects finish on time.
Project Information is Public
Under RERA, all major project details must be uploaded on the state RERA website. This includes land documents, floor plans, permissions, and construction updates. Buyers can check this online before making any decisions.
Safe Use of Buyer’s Money
Builders can no longer use customer money for other projects. RERA says 70% of all buyer payments must go into a separate bank account and only be used for that specific project’s work.
Carpet Area is the Only Chargeable Area
RERA has made it clear that buyers should be charged based only on the carpet area, not the super built-up area. This makes the pricing more fair and easy to understand.
Legal Support for Buyers
If a builder does not follow the promises made, the buyer can file a complaint under RERA. The RERA authority looks into the matter and makes sure the buyer’s rights are protected.
Truth in Advertising
Under RERA, every project ad must be accurate. Builders cannot make false promises in brochures or online ads. If they do, buyers can take action.
Godrej MSR City – Fully RERA Approved
Godrej MSR City is RERA approved with the RERA Registration Number: PR/270325/009086. The project is developed by Godrej Properties, one of India’s most trusted real estate brands.
Located in Shettigere, a fast-growing area in North Bangalore, the project follows all RERA rules. This includes timely construction, safe handling of funds, and clear legal documents. Buyers can feel confident knowing their home is backed by law and built by a reliable developer.
RERA has changed the real estate market in India. It protects homebuyers and brings honesty to the process. For projects like Godrej MSR City, RERA adds one more layer of trust and transparency.
If you're planning to buy a home in Bangalore, always check the RERA status. A RERA-approved project like Godrej MSR City gives you peace of mind and ensures you get what is promised.
