RERA Checklist: 7 Things to Verify Before Booking
The Real Estate (Regulation and Development) Act (RERA) has brought transparency to the real estate sector. Here's what you must verify before booking a property.
1. RERA Registration Number
Every project must have a unique RERA registration number. Verify this on the state RERA website.
2. Project Timeline
Check the project completion date mentioned in the RERA registration. This is legally binding.
3. Carpet Area
RERA mandates that properties be sold based on carpet area, not super built-up area.
4. Title Clearance
Verify that the land title is clear and free from legal disputes.
5. Approvals
Check all necessary approvals from local authorities like municipal corporations and development authorities.
6. Complaint History
Check if there are any complaints filed against the builder or project.
7. Financial Health
Review the builder's financial track record and past project deliveries.
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