Positive impactSector
Buying a home? 5 RERA rights every homebuyer should know on builder delays, advance payments and construction defects
Mint 2 hrs ago·13 Oct 2026, 1:32 pm
The Real Estate (Regulation and Development) Act, or RERA, is a key law designed to protect homebuyers in India. It mandates that developers register their projects and strictly follow approved plans. The Act gives buyers the right to know the project's status and receive timely updates, ensuring transparency in the real estate market.
This matters to investors because RERA empowers buyers to seek legal recourse against builders for delays, unauthorised changes to property plans, and construction defects. It also caps the amount of advance money a buyer can pay, reducing the risk of losing funds if a project fails. Understanding these rights helps investors make safer investment decisions.
Moving forward, investors should look for builders who are fully compliant with RERA regulations. A developer with a strong track record of timely delivery and adherence to approved plans is generally a safer bet. Monitoring the number of pending RERA complaints against a builder can also provide valuable insight into their operational efficiency and reliability.
Excerpt from Mint
RERA gives homebuyers legal protection against excessive advance payments, delayed possession, unauthorised changes to property plans, construction defects and false advertising. Here are five rights buyers should know before purchasing a home. Buying a home involves more than checking the price, location and…Read the original at Mint
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