What is a RERA registered project?

A RERA registered project is a real estate development that has been officially registered with the relevant state RERA authority receiving a unique RERA registration number that is publicly displayed on the project's portal page, all marketing materials, sale agreements, and communications.

What Registration Involves

• Developer submits project details: land documents, approvals, floor plans, financials.
• Estimated completion date and total project cost declared.
• Development plan, layout, and unit details uploaded.
• Escrow account details submitted to RERA.
• Quarterly progress reports must be updated online post-registration.

Benefits of Buying in a RERA Registered Project

• Verified project information no hidden discrepancies.
• Developer is bound by the committed completion date.
• Buyer can file a complaint with RERA if commitments are not met.
• 70% fund protection through mandatory escrow.

Buying only in RERA registered projects is one of the most fundamental risk management steps a homebuyer can take. The registration provides legal accountability, financial protection, and a formal grievance channel transforming the power balance between buyers and developers in a buyer-friendly direction.