up rera act

Purchasing property just became a more transparent process under the Real Estate (Regulation and Development) Act, 2016. Developers are obligated to present prices based on 'carpet area'—the space you can actually utilize in your new home. This essential RERA regulation excludes areas like shared facilities, balconies, and walls, empowering buyers to grasp the true value of their investment and safeguarding against misunderstandings.

India's RERA Act has revolutionized real estate by mandating project registration, transparent disclosures, and escrow accounts to prevent fund diversion. Developers now face strict penalties for delays and violations, while buyers gain rights to refunds and interest. This landmark legislation ensures accountability, protecting millions of homebuyers from past uncertainties and malpractices.

Builders often inflate property prices post-advance payment, but a written agreement solidifies the final cost under RERA. Buyers must ensure the contract details total price, payment schedules, and carpet area. Oral agreements offer little protection, making a clear, signed contract legally binding and preventing unilateral price hikes by developers.

Homebuyers facing delayed possession or unfair practices by builders now have legal recourse under RERA. The Act empowers buyers to seek compensation for delays or opt for a full refund with interest. It's crucial to file complaints early with supporting documents to protect your rights and investment.

Odisha Real Estate Regulatory Authority (Orera) has issued show-cause notices to 113 developers for failing to submit mandatory quarterly progress reports. Non-compliance, a violation of Rera provisions, can lead to penalties up to 5% of project cost, formal inquiries, and potential suspension or revocation of registration.

A new unified RERA portal now centralises real estate project information nationwide, offering homebuyers unprecedented transparency and ease of access. Buyers can now verify project registrations, builder compliance, and complaint statuses on a single platform, simplifying the purchasing process and reducing reliance on builder claims. This initiative aims to streamline data and empower consumers.

Real estate experts and homebuyers in Odisha have welcomed the Centre's decision to replace imprisonment with monetary penalties for allottees non-compliance with RERA tribunal orders. This move aims to decriminalize business laws and reduce court burdens, making the process more pragmatic and less intimidating for buyers.

Promoters Can Charge Rs 1,000 In Processing Fee If Successor Of Allotted Property Is Family Member

Odisha's RERA, established in 2017, has brought transparency and stronger buyer rights to the real estate sector, registering over 1,400 projects and strengthening dispute resolution. However, enforcement gaps, institutional fragility due to vacancies, and challenges in controlling unregulated plotting schemes persist, limiting its full impact.

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Buying property in India demands meticulous legal checks. Essential documents like Sale Deeds, Encumbrance Certificates, and RERA registration ensure clear title and prevent future disputes. Verifying land use, construction approvals, and dues clearance at each stage safeguards your investment and avoids costly legal battles. A thorough review is paramount.

Banks are urging the government to redefine affordable housing by updating property value and size thresholds to account for inflation and rising interest costs. Current limits, set years ago, no longer reflect the market realities, impacting the accessibility of homeownership for many.

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Authority Also Caps Processing Fee For Family Property Transfers At Rs 1,000

: Only 15% of the recovery certificates issued by the real estate regulatory authority to erring developers have been realised in Ghaziabad.

Every week TOI+ subscribers send in legal questions and our panel of leading experts offers well-considered, practical, and actionable opinions on every query. From property disputes to inheritance matters, divorce queries to income tax issues, My Lawyer connects you directly with experts you can trust

India is shifting towards trust-based governance with the Jan Vishwas Bill, 2026, decriminalizing over 700 provisions across 80 Acts. This move aims to ease doing business and reduce court burdens by replacing imprisonment for minor offenses with monetary penalties and warnings. While promoting compliance, concerns remain about deterrence in critical sectors like public health and safety.

Home buyers group Noida Extension Flat Owners Welfare Association (Nefowa) today said they will challenge UP-Rera at the Allahabad High Court next week. They are also going to meet the GNIDA officers on August 10 to press on the issues of delayed projects.

RERA portal: The Uttar Pradesh government will launch its Rera website on Wednesday, which will allow builders to start registering their projects under the new real estate law and, significantly, also grant them immediate registration numbers as opposed to the current system where the process takes up to a month.