09 Jul 2026
JPL
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Legal & Finance
The Real Estate (Regulation and Development) Act, 2016 gives home buyers unprecedented protection. Key provisions:
- Carpet area pricing — builders must sell on carpet area, not super built-up.
- 70% escrow rule — project funds cannot be diverted to other projects.
- Delay penalty — builders pay interest for delayed possession, same rate as they charge you.
- Five-year defect liability — structural defects must be fixed free for 5 years.
Always verify the RERA number on your state portal before booking, and keep every receipt and communication in writing.
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#legal
#rights