{"id":11182,"date":"2025-08-26T21:17:52","date_gmt":"2025-08-26T15:47:52","guid":{"rendered":"https:\/\/yashadaevoresidence.com\/beta\/?p=11182"},"modified":"2026-02-27T15:29:24","modified_gmt":"2026-02-27T09:59:24","slug":"rera-act-the-new-watchdog-of-indian-real-estate","status":"publish","type":"post","link":"https:\/\/yashadaevoresidence.com\/beta\/rera-act-the-new-watchdog-of-indian-real-estate\/","title":{"rendered":"RERA ACT \u2013 The New Watchdog of Indian Real Estate"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"11182\" class=\"elementor elementor-11182\">\n\t\t\t\t<div class=\"elementor-element elementor-element-32846876 e-flex e-con-boxed e-con e-parent\" data-id=\"32846876\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b77d38e at-heading-animation at-animation-heading-style-2 elementor-widget elementor-widget-heading\" data-id=\"b77d38e\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><b>RERA ACT \u2013 The New Watchdog of Indian Real Estate\n<\/b><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2aa5ac7 elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"2aa5ac7\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;,&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Real Estate (Regulation &amp; Development) Act was passed on 10th March 2016. However, it was fully implemented on 1st May 2017. The impact of RERA has been quite noticeable thanks to its strict reforms.<br \/>The act was passed by the Parliament of India to protect homebuyers from illegal &amp; unethical trade practices.<br \/>Another objective of this act is to boost investments in the real estate sector by bringing more transparency in its transaction process.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aab6094 elementor-widget elementor-widget-text-editor\" data-id=\"aab6094\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;ekit_we_effect_on&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<strong>Take a look at the new set of rules laid down by RERA:<\/strong>\n\nThe act makes it mandatory for all commercial and residential developments where land is above 500 sq. Metres or eight apartments to register with the Real Estate Regulatory Authority for launching the project\nDevelopers have to park 70% of their project funds in one dedicated bank account through cheques. This will stop them from making investments using booking amounts<br>\nA developer must quote prices based on carpet area and not the super-built up area\nThe developer has to provide structural warranty till five years after taking possession for after-sales services, damage repairs or compensation for any inadequacies\nAny developer found violating the order of appellate tribunal of RERA could face a jail term of up to three years and a fine\nThe developers must also keep a clean record and the right credentials to continue their business practices\nAll in all, the implementation of RERA is poised to bring in positive changes to the industry. With the passage of time, we\u2019ll get to witness a significant boost in sales thanks to more customer confidence and a sharp decline in unethical trade practices.\n<br>\nAll in all, the implementation of RERA is poised to bring in positive changes to the industry. With the passage of time, we\u2019ll get to witness a significant boost in sales thanks to more customer confidence and a sharp decline in unethical trade practices.\n\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>RERA ACT \u2013 The New Watchdog of Indian Real Estate The Real [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14241,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-11182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RERA ACT \u2013 The New Watchdog of Indian Real Estate - Yashada Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, 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