RERA FAQs
Understanding RERA is crucial before investing in real estate. At Singh Realtors, we ensure that you deal only in safe, transparent, and RERA-compliant properties.
1. What is RERA?
RERA stands for the Real Estate (Regulation and Development) Act, 2016, introduced to regulate the real estate sector and protect homebuyers.
2. Why is RERA important?
RERA ensures:
- Transparency in property transactions
- Timely project delivery
- Protection from fraud
- Legal security for buyers
3. Is RERA applicable in Faridabad?
Yes, Faridabad comes under Haryana RERA (HRERA).
4. What is a RERA registration number?
It is a unique number assigned to a project or agent, allowing buyers to verify its authenticity.
5. How can I check if a project is RERA registered?
You can:
- Visit the official RERA website
- Enter the project name or registration number
We also assist you in verification
6. What are the benefits of RERA for buyers?
- No false commitments
- Clear pricing (based on carpet area)
- Timely possession
- Legal protection
7. What is carpet area under RERA?
Carpet area is the actual usable area inside the property, excluding balconies and common areas.
8. What if the builder delays the project?
Under RERA:
- Buyers are entitled to compensation
- Or can opt for a full refund
9. Can a builder change project plans?
- No major changes can be made without the buyer’s consent under RERA rules
10. Are real estate agents required to register under RERA?
Yes, agents must be registered to legally operate.
11. What is an escrow account in RERA?
Developers must deposit 70% of project funds in a separate account to ensure proper usage.
12. Does RERA apply to resale properties?
RERA mainly applies to new and ongoing projects. However, due diligence is still important for resale deals.
13. What documents should I check before buying?
- RERA registration
- Title deed
- Approved plan
- Completion certificate
We help verify all documents
14. Can I file a complaint under RERA?
Yes, buyers can file complaints for:
- Delays
- Misrepresentation
- Unfair practices
15. How does Singh Realtors help with RERA compliance?
We ensure:
✔ Verified RERA-approved projects
✔ Transparent information
✔ Legal guidance support
✔ Safe transactions
Invest Smart with Confidence
At Singh Realtors, we prioritize your safety and ensure that every deal is transparent, secure, and compliant.
Need Help with RERA-Approved Properties?
📞 Call Now: 8800975030
📍 Faridabad & Nearby Areas