How RERA Compliance Protects Your Family When Buying a New Flat in Mumbai, Pune, or Thane
Imagine your parents or grandparents live in an old building. It’s super crowded, the lift keeps breaking, and everyone dreams of a shiny new home with a gym and a playground. That’s called redevelopment – the old building gets knocked down and a cool new one comes up!
But here’s the thing: some builders try to start work without following the rules. That’s like playing a cricket match without an umpire – total chaos! Projects get stuck, people lose money, and sometimes the new building even gets pulled down.
That’s exactly why RERA compliance matters.
In 2016, the government made a strong rule book called RERA (Real Estate Regulation Act). Think of RERA as the strict but fair umpire that protects everyone – you, your parents, and even grandma who’s saving her money for the new flat. When a project follows proper RERA compliance, it means the builder can’t lie, cheat, delay, or hide anything. Everything becomes transparent, safe, and fair.
Why RERA Compliance Is Awesome (in Super Simple Words)
Builders Can’t Just Disappear with the Money
Thanks to rera compliance, when people book flats, 70% of that money goes into a special “only-for-this-building” bank account. The builder can’t touch it for anything else not for another project, not for a fancy car. Cool, right?
No More “Surprise! Your Flat Will Come in 2050”
With proper rera compliance, builders must clearly commit to a possession date. If they delay, they must pay you extra money every month (basically pocket money for waiting!). So delays don’t become dramas.
Everything Is Online – You Can Check from Your Phone
Because of rera compliance, all project details stay online. Just go to the MahaRERA website, type the project name, and boom you see every document, every plan, and even photos of how much work is done every 3 months. It’s like Instagram stories… but for buildings!
No Cheating Allowed
Under strict rera compliance, if the builder breaks rules, they face huge fines (up to 10% of the entire project cost!) or even a complete project halt. Extreme? Yes. Fair? Absolutely!
5 Easy Steps Your Society Should Follow (So Nothing Goes Wrong)
- Check if the Land is 100% Legal Old buildings sometimes have missing papers or extra illegal floors. Fix all that first, just like clearing your old homework before starting new chapters.
- Get the RERA Number Every big project needs its own RERA ID (like an Aadhaar card for the building). No ID = totally illegal!
- Choose a Good Builder (Not a Sketchy One) Ask: “Can we see your old projects on the RERA site?” Good builders will proudly show you. Bad ones will make excuses.
- Everyone in the Society Says “Yes” At least 51% of families have to agree in writing. Plus, the new agreement must promise bigger flats, rent while the building is made, and what happens if the builder is late.
- Keep Watching the Project You can check online every few months. If something feels off, you can complain to RERA and get justice fast.
Special Note for NRIs
If your relatives in the US, UK, or Dubai want to put money into a Mumbai redevelopment project, RERA is their best friend. They can sit thousands of kilometres away and still see every update on their phone. If the builder messes up, they get their money back + extra interest. Safe and simple!
FAQs
1. Do all redevelopment projects need RERA?
A: Yes! If the new building has more than 8 flats or is bigger than 500 sq. metres.
2. What if the builder ignores RERA?
A: Huge fines, jail time, or the building gets demolished. Scary stuff.
3. How do I check if a builder is good?
A: Just Google “MahaRERA website”, type the builder’s name, and see their report card!
Conclusion
RERA isn’t some boring law – it’s the shield that stops people from losing their life savings. Next time your building talks about redevelopment, tell your parents: “First check RERA!” You’ll sound super smart, and your family will stay safe and happy in their new home.
About lawcrust Realty
At LawCrust Realty, we stand apart as a premium real estate consulting partner for NRIs worldwide, offering end-to-end solutions in Property Management, Property Regularisation, Construction & Redevelopment, and Project Management Consulting.
Rooted in a legacy of legal and hybrid consulting, we understand the unique challenges NRIs face in managing and safeguarding Indian assets. Our mission is to bridge these gaps through compliance-driven execution, strategic foresight, and client-first innovation.
Whether it’s managing NRI-held properties, transforming long-pending assets into legally regularised holdings, or delivering turnkey redevelopment solutions LawCrust Realty combines authority with accessibility.
By choosing us, you don’t just solve property challenges from overseas you future-proof your assets with one of India’s most trusted and forward-thinking realty partners.
Contact LawCrust Today
- Call Now: +91 8450968472
- Email: inquiry@lawcrustrealty.com
Leave a Reply