Real

Estate
Regulation
Act
MARKET THAT IS BOUND TO WITNESS GREATER TRANSPARENCY
AND ACCOUNTABILITY FOR BUYERS IN 2017

WH A T IS IT ?
As SEBI is for
security
transactions.
RERA is for
property
transactions.

H A WK EYES
ON TR A NS A CTIONS
The real estate regulator will govern
both residential and commercial
transactions.

BRICK BY
BRICK
Mandatory for
developers to
share every bit of
progress on
projects with the
state.

TO P A RK FUNDS
70%

of the project funds will be parked in a

dedicated bank account so that no
other investments are made.

ND FOR THE
CONSUMER
A

Delay in project
completion will make
the developer liable
to pay the same
interest as the EMI
to the consumer.

FTER S A LES
SERVICE
A

For any deficiency in the

project, buyer can write to the
builder for after sales service
upto one year.

YOU GET WH A T
YOU P A Y FOR
Developer cannot make
any changes to the plan
that had been sold with
-out the written
consent of the buyer.
900SQF

3 RMS

2 BATHS

WH A T IF ?
The maximum jail term
for a developer for
violating the order of
the appellate tribunal
of the RERA is three
years with or without a
fine.

Thanks for
watching.
This

is

uttaminator