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TRANSPARENCY - Rights to all project details such as land title, sanctioned plans, project approvals, cost of construction, status, etc. |
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REGISTERED PROJECTS - Developers can advertise, market, sell or offer for sale, any plot, apartment or building on the projects registered with the RERA. |
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DEVELOPERS LIABILITY FOR DEFECTS - 5 years free-of-cost guarantee from structural / workmanship defect or any other quality or provision of services or any other obligations of promoter as per agreement for sale from the date of handing over possession. |
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PRIOR APPROVAL FROM BUYERS TO BE TAKEN BY DEVELOPER - If Developer, makes any additions and alterations in the sanctioned plans, layout plans and specifications etc. he needs to take previous consent of at least two-thirds of the allottees. |
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Stringent penalties / penal provisions for violation of orders of Appellate Tribunals and Regulatory Authorities. |
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