RERA Protecting Homebuyers' Interests (PPT).pdf

RERA (Real Estate Regulatory Authority) plays a vital role in protecting homebuyers by ensuring transparency, accountability, and timely delivery in the real estate sector. It requires developers to register their projects, disclose all relevant details, and follow strict timelines, protecting buyers from delays and misinformation. RERA also mandates the use of escrow accounts to secure buyers' funds and holds developers responsible for any structural defects for up to five years post-possession. Additionally, it offers a streamlined grievance redressal mechanism for quick dispute resolution. SK Fortune Developers is committed to upholding these RERA standards, delivering trust and excellence in every project.

1. RERA:
Protecting
Homebuyers'
Interests

2. All real estate projects must be
registered with RERA before sale. This
Ensures transparency & legal
compliance.
Mandatory Registration
Developers must disclose project
details so that buyers can verify
these details on the RERA website.
Project Details Transparency

3. Enforcing project completion
deadlines. Delays lead to penalties for
developers, protecting buyers from
prolonged wait times
Timely Project Completion
Developers must deposit 70% of
project funds into an escrow account.
Ensures funds are used only for
project construction & not diverted
elsewhere.
Escrow Accounts

4. Standardized contracts with no
hidden clauses. Protects buyers from
unfair terms or sudden changes.
Fair Contract Terms
Developers are liable for structural
defects for up to 5 years. Buyers
can claim rectification without
additional costs.
Defect Liability Period

5. RERA provides a platform for buyers
to file complaints. Swift resolution of
disputes with the developer.
Grievance Redressal
Developers face penalties for non-
compliance with RERA regulations.
Protects buyers from fraudulent
practices.
Penalties for Non-Compliance

6. https://fortunedeveloper.in/
[email protected]
SK Fortune Group, 1233/B, Apte Road, Deccan
Gymkhana, Shivajinagar, Pune - 411004
[phone]
THANK YOU