RERA transformed the balance of power between developers and homebuyers. Here is what the law guarantees you and how to enforce it.
For decades, homebuyers bore the risk of delayed projects and unfulfilled promises with little recourse. The Real Estate (Regulation and Development) Act, known as RERA, rebalanced that relationship — introducing transparency, accountability and a dedicated forum for redressal.
What RERA Guarantees
- Mandatory registration of projects before they are marketed.
- Disclosure of project details, approvals and timelines.
- Deposit of a portion of funds in a dedicated account to prevent diversion.
- Liability for delays, including interest and compensation.
- A regulatory authority and appellate tribunal for grievances.
Your Remedies for Delay
If a developer fails to deliver on time, RERA entitles you to relief — either interest for the period of delay if you choose to continue, or a refund with interest if you choose to withdraw. These are powerful rights that shift risk back to those best placed to manage it.
“RERA gave homebuyers something they long lacked — leverage.”
— Advocate Tanmay Jadhav, Founder
How to Enforce Your Rights
Complaints are filed before the state regulatory authority — in Maharashtra, MahaRERA. The process is designed to be accessible, but presenting your case well, with the right documents and legal framing, significantly improves your prospects.
Whether you are facing a delay, a change in project plans, or a quality dispute, understanding your RERA rights is the first step to protecting your investment.
Advocate Tanmay Jadhav
Founder | Advocate, Bombay High Court
Karmanya Legal Associates