Discover the top five mistakes homebuyers often make in India's real estate market and how to avoid them. Insights from experts like Sanjay Mandava and Maneesha Kongovi highlight the importance of due diligence and understanding RERA regulations.
Real EstateReraHomebuyersProperty MarketDeveloper MalpracticesReal Estate NewsMay 17, 2025
RERA, or the Real Estate (Regulation and Development) Act, is a regulatory framework that provides significant protection for property purchasers' rights. It aims to address issues such as project delays and developer malpractices by establishing a strong framework to resolve grievances and direct developers to compensate for delays or mismanagement.
RERA's protections primarily apply to projects underway or commenced after its enforcement. Pre-RERA projects have limited options for redress, and properties under 500 square metres or containing fewer than 8 units may not fall under RERA's jurisdiction, pushing buyers to seek redress in consumer or civil courts.
One-sided agreements often favor developers and can preclude future claims if not carefully reviewed. Homebuyers should be wary of such clauses to ensure their legal rights are protected.
Cash transactions, often used to sidestep stamp duty, can compromise the buyer's legal position if refunds become necessary. Such transactions can undermine a buyer's standing under RERA, making it difficult to seek compensation.
Delay in filing complaints can lead to case dismissal due to a lack of statutory limitation periods. Timely action is crucial to ensure that grievances are addressed promptly and effectively.
Pune's real estate market has experienced a significant boost, with registered transactions surging by 50% in the June quarter, according to the latest report by Square Yards.
Penny Stock Under Rs 3: KBC Global Ltd, a leading real estate developer, has successfully handed over possession of over 135 residential and commercial units since April 2024 and is set to launch its next project in Deolali, Nashik.
In a country where the real estate sector is a key driver of economic growth, millions of properties are entangled in inheritance disputes, leaving them unused and unproductive.
Real estate consultant Square Yards has reported that the number of housing units constructed in Sohna since 2020 surpasses the total built over the previous decade (2010-2020).
In the grand scheme of the BJP's historic win in Maharashtra, one crucial element outshines the rest: the ‘Sajag Raho’ initiative. This silent yet powerful force played a pivotal role in shaping the party's victory.
Following the Bombay High Court's criticism, the Brihanmumbai Municipal Corporation (BMC) has intensified its efforts to control air pollution with ward-level inspections and strict regulations for construction sites.