What is The Impact of RERA on Homebuyers?

• May 29, 2025

These days, there is no shortage of developers who are ruling the real estate market. They are allowing millions of potential RERA on homebuyers to call a place their home. However, this abundance has created a competitive environment in the real estate industry. Yes, getting clients' full attention has become harder than ever. 

This has also led to serious gaps in delivery and performance, making it difficult for buyers. To solve this comes the RERA Act, or Real Estate Regulatory Authority of India. Wondering how this act helps the homebuyers? Well, here is everything you need to know about this. 

Impact of RERA on Homebuyers

The RERA Act plays a vital role in preserving the rights of property buyers. From transparency to a hassle-free journey, here is how it has impacted homebuyers:

• Carpet Area Price Clarity 

For financial security, RERA requires builders to explicitly reveal carpet area prices. This is done to increase the transparency of cost computations. Having clear details, buyers can have a greater understanding of the pricing structure.  

This makes the process of buying a home more satisfying for purchasers. In addition to better comparison, it also removes uncertainty from cost calculations. Therefore, buyers can make better choices when selecting the ideal house that fits their needs and budget.

• Better Transparency 

Talking about the RERA impact on property buyers, it offers them complete transparency. Builders and developers must have thorough information about the project, ensuring buyers can make an informed decision. The law requires developers to publish information such as:

• Project plans

• Timeline

• Layouts

• Other necessary legal permissions

This act guarantees the highest level of transparency in every real estate transaction. As a result, it increases buyers' leverage and fosters project trust.

• Promptness in the Project

RERA's impact on homebuyers has led to promptness in project delivery. The real estate regulatory authority India has strictly enforced the project delivery timeframe. Developers must assist buyers in setting reasonable expectations for the property's ownership. 

To deliver on the scheduled date, developers must adhere to the project's specified timeline. Developers are held accountable by compensating homebuyers for any potential delays in property delivery. As a result, this eases the buyer's concern while buying their ideal home.

• Standardised Carpet Area

The real estate regulatory authority India has nationally standardised the carpet area. This means, under the RERA, builders and developers must sell properties indicating the real usable area within walls. This doesn't include the space before the full property layout is finalised. 

By measuring property space in a national standard manner, disparities between builders have been greatly minimised. This also allows buyers to more easily compare two residences before buying. Furthermore, it keeps homebuyers from paying needless fees for shared areas and balconies.

• Defect Liability 

Earlier, developers' responsibility to buyers used to end with the properties. However, RERA's impact on property buyers has changed this. Yes, RERA holds developers responsible for any structural flaws for a specific amount of time after completion.  

RERA has the authority to require developers to repair any harm to the property's structural integrity. However, this is for a specific time frame. Additionally, customers are protected against paying more than the property's actual cost.

• Financial Security 

RERA requires builders to place a specific percentage of cash for property development in the escrow account. This is for financial security and to guarantee that the money is used exclusively for its intended purpose throughout property construction. 

Since the money is invested in construction purposes only, this will help to prevent financial diversion. It also cuts down on project completion delays and extra expenses. As a result, it gives customers even more security.

• No False Ads

One of the crucial RERA benefits for homebuyers is that they don't have to worry about false advertisements. This act has prohibited developers from including false information when marketing a property. All information in the promotional materials must be true and registered with RERA. 

This will keep consumers from falling for false advertising. For clients to receive what they were promised, developers must supply the most accurate information possible. This includes everything, such as concerns about the actual living space in the house or other amenities offered.

• Dispute Resolution 

To address the concerns of homebuyers, RERA has set up a specific grievance redressal process. It is a formal complaint against developers that may be made by any buyer. This can be for non-compliance or for causing them financial or emotional pain.

By defending their rights, RERA allows them to effectively settle real estate disputes and provide a prompt resolution to buyers' complaints. This is done by a committed group of adjudicating officers and appellate tribunals selected by the Real Estate Regulatory Authority India. This, as a result, fosters buyer trust.

• No Hidden Changes 

RERA has prohibited developers from making any adjustments, alterations or modifications to the property plan. Any alterations to the property's design and specifications must be formally approved by the buyer.  

Therefore, every developer must inform the buyer of any potential modifications that are intended in the way. Buyers can also stop any changes that could compromise the usefulness or value of the property they have purchased. 

• Right to Information

Another one of the RERA benefits for homebuyers is the right to information. It gives buyers the right to be informed about all the important aspects of the property in which they wish to invest. Having the most up-to-date and accurate information, buyers can be free from inconsistencies.

As a result, this helps them make informed decisions. It's an effective tool for buyers to secure the greatest price. This also guarantees protection from monetary, physical, and psychological harm during the purchasing process.

Fair Deal on Every Property Purchase

At City Prop, we are the leading real estate agency in Bangalore. From the RERA impact on property buyers to ongoing market trends, we have in-depth knowledge about everything. 

Our certified real estate experts walk the extra mile to make sure your buying journey is hassle-free. For more, you can contact us anytime without any hesitation.