How does RERA enforce regulations in real estate? Mandatory Registration: Developers must register their projects with the respective state RERA authority before advertising or selling. This ensures transparency and accountability. Project Details Disclosure: Developers are required to provide accurate project details, including timelines, layout plans, and financial disclosures. Any deviation can lead to penalties. Grievance Redressal: Buyers can file complaints with RERA if developers fail to meet commitments. RERA has the authority to investigate and resolve disputes. Penalties and Fines: Non-compliance with RERA regulations can result in hefty fines, project de-registration, or even imprisonment for developers. Monitoring and Audits: RERA monitors project progress and ensures funds collected from buyers are used solely for the registered project. Standardization: It standardizes practices like carpet area calculation, ensuring fair pricing and reducing malpractices. These measures aim to protect buyers and bring transparency to the real estate sector. Follow Us to Know More On Real Estate and Regulations! #RERA