RERA & Compliance

1. What RERA is

RERA is the central law that regulates real estate to protect buyers and bring transparency and accountability to promoters and agents. It is implemented through each state's own Real Estate Regulatory Authority and state rules, so exact fees, forms and validity periods vary by state — there is no single national portal.

2. Which projects must be registered

A project generally must be registered with the state Authority before it is marketed or sold. A common exemption applies where the land does not exceed 500 square metres or the number of apartments does not exceed eight (counting all phases) — but state Authorities read this threshold differently, so the position of your state's Authority governs.

Marketing or selling a project that is required to be registered but is not can attract penalties on the promoter of up to 10% of the project cost, and further consequences for continued default.

3. Brokers must register as agents

Any person who facilitates the sale or purchase in a RERA-registered project must register as a real-estate agent and obtain a RERA agent registration number. A registered agent must not deal in projects that are required to be registered but are not, must maintain proper records, must not make false or misleading statements, and must help buyers get the documents they are entitled to.

Dealing without the required registration can attract a penalty of ₹10,000 per day of default, up to 5% of the value of the property involved.

4. Carpet area — quote it correctly

RERA requires sale on carpet area — the net usable floor area inside the apartment, excluding external walls, service shafts, and exclusive balcony, verandah and open-terrace areas, but including internal partition walls. Quoting super-built-up area as if it were carpet area is exactly the kind of practice RERA exists to stop.

5. What buyers are protected on

• Every advertisement and prospectus for a registered project must carry its RERA registration number.
• At least 70% of buyer money for a project must sit in a separate account, used only for that project's land and construction.
• Promoters must post quarterly project updates to the state portal.
• On delay or failure to give possession, a buyer can withdraw with a full refund plus interest, or stay and claim interest for the delay.
• Disputes go to the state Authority, with appeals to the Real Estate Appellate Tribunal.

6. How Madhyam360 handles RERA

We are a neutral technology platform, not a promoter or an agent. Brokers enter their own RERA numbers and project details; those are broker-supplied and are not independently verified by us unless we say otherwise for a specific check.

We show RERA information on listings so it is visible, and we label trust honestly — a 'verified' mark applies only to the exact attribute we actually checked, never as a blanket badge. Where something is not confirmed, we say so rather than hide it. Each broker remains responsible for their own RERA compliance.

7. State RERA portals

Confirm any project or agent on your own state's official RERA portal before you transact — for example MahaRERA (Maharashtra), K-RERA (Karnataka), UP-RERA, TNRERA (Tamil Nadu), TG-RERA (Telangana), GujRERA (Gujarat), RERA Rajasthan, RERA Delhi and WBRERA (West Bengal). Treat any portal address as best-known and confirm it is the live official site.