Real Estate Regulator Act, which will help regulate the sector and bring in clarity for both buyers and developers.

1. Real
Estate
Regulation
Act
M A R K E T T H A T I S B O U N D T O W I T N E S S G R E A T E R T R A N S P A R E N C Y
A N D A C C O U N T A B I L I T Y F O R B U Y E R S I N 2 0 1 7

2. WHAT IS IT?
As SEBI is for
security
transactions.
RERA is for
property
transactions.

3. HAWK EYES
ON TRANSACTIONS
The real estate regulator will govern
both residential and commercial
transactions.

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

5. TO PARK FUNDS
70%
of the project funds will be parked in a
dedicated bank account so that no
other investments are made.

6. AND FOR THE
CONSUMER
Delay in project
completion will make
the developer liable
to pay the same
interest as the EMI
to the consumer.

7. AFTER SALES
SERVICE
For any deficiency in the
project, buyer can write to the
builder for after sales service
upto one year.

8. YOU GET WHAT
YOU PAY FOR
900SQF 3 RMS 2 BATHS
Developer cannot make
any changes to the plan
that had been sold with
-out the written
consent of the buyer.

9. WHAT 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.

10. Thanks for
watching.
T h i s i s u t t a m i n a t o r