Here’s how RERA empowers and protects you as a property buyer:
✅ Project Registration Is Mandatory:
Builders must register every real estate project under RERA before marketing or selling. This ensures you only invest in legally approved and verified projects.
✅ Transparent Information:
Builders must provide complete project details — layout plans, approvals, possession dates, and progress updates — on the RERA website.
✅ Carpet Area Standardization:
Under RERA, the sale price is calculated only on the carpet area, not super built-up area. This prevents inflated pricing.
✅ Timely Project Delivery:
If a project is delayed, the developer must pay interest compensation to the buyer for each month of delay.
✅ Escrow Account for Funds:
Developers must deposit 70% of customer payments into a separate bank account, used only for construction purposes — preventing fund misuse.
✅ Builder Accountability:
If the buyer finds a structural defect or poor construction quality within 5 years of possession, the builder must fix it at no extra cost.
✅ Right to Information & Complaint Filing:
Buyers can check all registered projects online and file complaints directly through the RERA portal if any issue arises.
4️⃣ Why You Should Always Choose RERA-Approved Projects
Buying a RERA-approved property is not just a smart decision — it’s a safe one.
These projects ensure:
- Legal transparency and verified documentation
- Guaranteed possession timelines
- Protection of your investment against fraud
- Fair and standardized pricing
For instance, in Nagpur, Saidham Builders & Developers offers NMRDA-sanctioned and RERA-approved residential plots under the Sainagri series across prime areas like Wardha Road, Umred Road, and Parsodi — making your investment both secure and rewarding.
5️⃣ Final Thoughts
RERA has redefined the Indian real estate market by building trust between buyers and developers. It ensures that your hard-earned money is invested in safe, transparent, and government-approved projects.
Whether you are purchasing your first plot or adding to your investment portfolio, always check the project’s RERA registration number before buying.
At Saidham Builders & Developers, all our projects are RERA-compliant, giving you complete peace of mind along with excellent growth potential.
Because your dream home deserves the trust of regulation and the promise of transparency.
