The Real Estate (Regulation and Development) Act (RERA), enacted in 2016, is a game-changer for the real estate sector in India. Designed to protect home buyers and bring transparency to the industry, RERA has empowered buyers by providing them with a secure and informed way to invest in their dream homes. At Rajarathinam Constructions, we believe in fostering trust and transparency with our customers, which aligns with the core principles of RERA.

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RERA was introduced to address several challenges home buyers faced in the real estate market, including delays in project completion, lack of accountability, and discrepancies in property information. Under RERA, developers are required to register their projects with the RERA authority in their respective states, ensuring adherence to stringent regulations. This means that buyers can now access comprehensive details about a project, including its registration status, construction timeline, and financial disclosures, all of which are made publicly available on the RERA website.

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One of the significant benefits of RERA is the assurance it provides regarding timely project delivery. Delays in possession, once a common grievance, are now closely monitored under RERA guidelines. Developers are obligated to compensate buyers for delays, offering a safeguard for their hard-earned money. Moreover, RERA mandates that developers cannot make changes to the project plan without the consent of buyers, ensuring that home buyers receive exactly what was promised to them.

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Transparency is another cornerstone of RERA. Developers must clearly outline the total cost of the property, avoiding hidden charges that often caught buyers off guard. Additionally, the Act requires developers to deposit 70% of the project funds in a separate escrow account, ensuring that the money is used solely for construction and not diverted to other projects.

From the buyer’s perspective, RERA also introduces a grievance redressal mechanism. Any disputes or complaints can now be addressed through the RERA tribunal, offering a quick and effective resolution process. This ensures that home buyers no longer feel powerless in the face of legal or contractual violations.

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For home buyers exploring properties by Rajarathinam Constructions, RERA compliance is a guarantee of trust. We ensure that all our projects adhere to RERA guidelines, providing our customers with clear, honest, and reliable information at every step of their home-buying journey. Whether it's timely delivery, transparency in pricing, or adherence to promised quality, our commitment to RERA reflects our dedication to building not just homes but lasting relationships.

In conclusion, RERA has brought a transformative shift to the real estate landscape, making it more buyer-friendly and secure. It has empowered buyers to make informed decisions while holding developers accountable for their commitments. At Rajarathinam Constructions, we uphold these values as part of our mission to deliver homes that you can trust and cherish.

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So, the next time you consider investing in a property, make sure it’s RERA-registered for peace of mind and a hassle-free experience. Let’s build a better, transparent future together.