An OTP will be sent to this number for verification
You may have a pre-approved offer
Enter required home loan amount
In summary
RERA has fundamentally changed how real estate projects are sold and managed in India. By mandating registration, disclosure, escrow accounts, and timely completion, it protects homebuyers while creating accountability for developers and agents.
This page covers:
- Latest updates — Supreme Court enforcement concerns, RERA 2.0, UP canvas flats, Maharashtra milestones, Gujarat banking norms
- What RERA is and when it came into effect
- RERA registration fees — how they are calculated
- Penalties and charges for buyers, promoters, and agents
- Which projects come under RERA
- How to check if a property is RERA compliant
- Key provisions — registration, disclosure, escrow accounts, carpet area, timely completion
- Key benefits of RERA for homebuyers
- How RERA impacts real estate agents
- RERA implementation across different states
- How to find RERA-approved projects
Show more
Show less
Latest RERA updates (2025-2026)
Supreme Court calls for stronger RERA enforcement
In March 2025, the Supreme Court expressed dissatisfaction with RERA implementation, describing its performance as "disappointing." The Court stressed the need for stricter enforcement to protect homebuyers, improve transparency, and speed up dispute resolution. Despite handling over 1.21 lakh complaints nationwide, concerns remain about procedural delays and uneven functioning across states.
Introduction of RERA 2.0 for improved buyer safeguards
The 2025 amendments — referred to as RERA 2.0 — introduce stronger compliance standards for developers and agents, including tighter project monitoring and higher penalties for non-registration or misinformation. The move aims to rebuild buyer confidence and encourage verification through official state RERA portals before any purchase.
UP RERA action against incomplete 'canvas flats'
In May 2025, Uttar Pradesh RERA issued a strict warning against builders offering unfinished "canvas flats" — properties lacking essential fittings and facilities. Developers violating this directive now face penalties of up to 5% of the total project cost.
Maharashtra leads in project registrations
By May 2025, MahaRERA had surpassed 50,000 registered projects — representing approximately 35% of all RERA registrations in India. This highlights Maharashtra's leadership in transparent project oversight.
Gujarat introduces stricter banking compliance norms
From January 2025, GujRERA enforced rules requiring three distinct bank accounts for every registered project. Of these, 70% of collected funds must remain in a dedicated escrow account for construction-related expenses.
Show more
Show less
What is the RERA Act?
The RERA Act (Real Estate (Regulation and Development) Act, 2016) was introduced by the Indian Parliament to bring transparency and accountability to the real estate sector. Enacted in May 2017, it addresses longstanding issues in the home buying process — including project delays, lack of disclosure, and misuse of buyer funds. Its primary goal is to protect homebuyers while regulating builders, brokers, and other stakeholders.
Each state has framed its own rules to enforce the Act locally. Whether you are a homebuyer or a builder, understanding RERA rules is essential for navigating the real estate market.
Show more
Show less
How are RERA registration fees calculated?
RERA registration fees vary from state to state. They are generally calculated based on:
- Type of project (residential, commercial, plotted)
- Number of units or apartments
- Total area of the project
In most states, fees are charged as a percentage of project cost or a fixed amount — whichever is higher. The range can be from a few thousand rupees to several lakhs for large projects. Visit the official RERA website of your state for the exact fee structure applicable to your project.
Show more
Show less
What are the penalties under the RERA Act?
| Category | Offence | Penalty |
|---|---|---|
| Buyers | Failure to comply with RERA | Daily penalty of up to 5% of the project's estimated cost |
| Buyers | Failure to comply with the Appellate Tribunal | Imprisonment up to 1 year or fine of 10% of project cost, or both |
| Promoters | Failure to register | 10% of the project's estimated cost |
| Promoters | Providing incorrect information | 5% of the project's estimated cost |
| Promoters | Legal violations | Up to 3 years imprisonment or fine of 10% of project cost, or both |
| Agents | Failure to register projects | Rs. 10,000 per day, up to 5% of the project's cost |
| Agents | Failure to comply with RERA | Daily penalty of up to 5% of the project's cost |
| Agents | Failure to comply with Appellate Tribunal | Imprisonment up to 1 year or fine of 10% of project cost, or both |
Show more
Show less
Home loan for professionals
Which projects come under RERA?
- Projects without a completion certificate that were not completed before the RERA Act came into effect are covered
- Projects undertaken for renovation, repair, or re-development without re-allotting, marketing, or selling any units are not covered
- Projects under construction must report each phase as a standalone project through a fresh RERA registration
Show more
Show less
How to check if a property is RERA compliant
- Visit the official state RERA website for your state.
- Navigate to the 'Registered Projects' section.
- Enter the project name, promoter name, or RERA registration number.
- Verify that all required information is available — project status, approvals, timelines, layout plans, and builder credentials.
- Confirm that the RERA registration number is clearly mentioned in all advertisements and brochures for the project.
Ensuring RERA compliance protects you from fraud and gives you legal recourse in case of delays or disputes.
Show more
Show less
What are the key provisions of the RERA Act?
1. Registration of projects
Developers must register real estate projects with the state RERA authority before advertising, marketing, or selling any units. Detailed project information — land title, approvals, layout plans, implementation schedule — must be provided at registration.
2. Compulsory disclosure
All relevant project information must be disclosed on the RERA website, including specifications, carpet area, and amenities. Any changes must be communicated to buyers.
3. Escrow account
Developers must maintain a separate escrow account for each project, with a minimum of 70% of funds received from buyers deposited into it. These funds can only be used for that specific project's construction.
4. Carpet area
Units must be sold based on carpet area — the net usable floor area within walls, excluding balcony, terrace, and common areas. Carpet area must be clearly stated in all sale agreements.
5. Timely completion
RERA emphasises adherence to proposed timelines. Delays make developers liable for penalties and compensation to buyers.
6. Real estate agents
All agents and brokers must register with RERA and provide accurate information about themselves, the projects they handle, and their commissions.
7. Buyer protection and grievance redressal
RERA provides a platform for buyers to file complaints. Each state has a Real Estate Appellate Tribunal to resolve disputes between buyers and developers.
Show more
Show less
What are the key benefits of RERA for homebuyers?
- Reduces project delays and property fraud through mandatory registration before any project begins
- Applies to both residential and commercial properties
- Standardised rules protect the interests of both buyers and developers
- Greater accountability and transparency through mandatory public disclosure
- Escrow requirement ensures buyer funds are not diverted to other projects
How does RERA impact real estate agents?
- All proposed projects above 500 sq. mt or 8 apartments must be registered with the state RERA
- Builders must deposit 70% of project money in bank accounts via cheque, making fraudulent transactions or money laundering effectively impossible
- A single standardised model sale agreement applies to all builders and homebuyers
What states have implemented RERA?
RERA has been implemented in more than 22 Indian states and 6 Union Territories. Each state operates its own regulatory body — such as MahaRERA in Maharashtra, RERA UP in Uttar Pradesh, RERA Karnataka, and RERA Delhi — actively handling complaints and disputes.
MahaRERA received approximately 6,631 complaints (as of April 2019) and resolved 64% of disputes. States like West Bengal, Manipur, and Assam continue to strengthen their RERA frameworks.
How to find RERA-approved projects
- Visit the official RERA website for your state.
- Navigate to the 'Projects' or 'Registered Projects' section.
- Search by project name, location, or promoter name.
- Verify the RERA registration number, project completion timeline, and escrow compliance status.
- Check that the project's RERA registration number appears on all advertisements before making any booking payment.
Home Loan in Different Cities
Home Loan in Mumbai
Home Loan in Ahmedabad
Home Loan in Bangalore
Home Loan in Chennai
Home Loan in Delhi
Home Loan in Hyderabad
Home Loan in Cochin
Home Loan in Noida
Home Loan in Pune
Home Loan for different budget
Check your pre-approved offer now
Our Calculators
Frequently Asked Questions
About RERA compliance
Buying RERA-registered property
What is the minimum project size that requires RERA registration?
Any real estate project with a plot area of more than 500 sq. mt or involving more than 8 apartments must be registered with the state RERA authority before advertising, marketing, or selling. Projects below this threshold are generally exempt from mandatory RERA registration.
Can a homebuyer file a complaint against a developer under RERA?
Yes. Homebuyers can file complaints against developers, promoters, or agents on the official state RERA portal. Each state has a Real Estate Appellate Tribunal to hear and resolve disputes. Remedies include compensation for delays, refunds with interest, and correction of defects.
Does buying a RERA-registered property guarantee on-time delivery?
RERA makes developers legally accountable for delivery timelines. If a project is delayed, the developer must compensate the buyer at the agreed rate. However, RERA registration itself does not guarantee delivery — it ensures legal recourse is available if commitments are not met.
What should you check on the RERA portal before booking a flat?
Verify the RERA registration number, project approval status, construction timeline, details of the escrow account, and any past complaints or orders against the developer. Also confirm that the carpet area matches what is stated in the sale agreement and brochure.
How does RERA-compliance affect home loan approval?
Most banks and housing finance companies prefer or require that the project be RERA-registered before disbursing a home loan against it. A RERA-registered project provides legal clarity on ownership, construction status, and delivery timelines — reducing the lender's risk and speeding up your loan approval. Bajaj Housing Finance offers home loans from 7.25% p.a.* p.a.* with amounts up to Rs. Rs. 15 Crore* and tenures up to 32 years years. Check your eligibility today.
What do our customers say about us
customers
Play Store rating
reviews
Amit Shiva
Reviewed on
Smooth and transparent home loan process. The interest rates were competitive, and documentation was minimal. The team guided me clearly at every step, making my first home purchase stress-free. Highly recommended for quick approvals.
Sandeep Kulkarni
Reviewed on
The loan disbursal was fast, and the customer support team was extremely patient with all my queries. Flexible EMIs helped me manage my monthly expenses easily. A great experience for salaried homebuyers.
Ritika Agarwal
Reviewed on
I had a great experience while transferring my existing home loan. The process was quick, and I saved significantly with the lower interest rate. Customer service was helpful throughout. Highly recommended for balance transfers.
Manoj Verghese
Reviewed on
Clear guidance, quick approval, and flexible repayment options made buying my new house easier than expected. The team handled everything professionally. Very satisfied and would definitely recommend their home loans
Find your nearest branch
More Articles
Watch our videos
Documents required to get a Bajaj Finserv Home Loan
Tips to increase your Home Loan eligibility
Things you need to know about pre-approved home loan
Things you need to know before applying for a Home Loan
How does Repo Rate affect your Home Loan
Download App
Now request money from your friends and family and make instant payments.
- Choose from personal, business, gold loans and more
- Pay utility bills, use UPI, get FASTag and more
- Buy over 1 million products on No Cost EMI
- Buy stocks, mutual funds and invest in FD
Disclaimer
1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.
2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.