Understanding RERA: Why It’s Important for Homebuyers

At Galaxy Group, we proudly comply with all RERA norms because we believe that empowered customers make better decisions. Let’s break down what RERA means and why it matters to you as a homebuyer.

The journey of buying a home is one of the most significant decisions in a person’s life—emotionally and financially. That’s why transparency, accountability, and trust are crucial in real estate transactions. To protect homebuyers and bring professionalism to the sector, the Indian government introduced RERA—Real Estate (Regulation and Development) Act, 2016.

1. What is RERA?

RERA is a law that regulates the real estate industry to ensure transparency between builders and buyers. It mandates all real estate projects (above a certain size) to be registered under the respective state’s RERA authority. Developers must disclose project details, timelines, approvals, and financials—creating a level playing field for buyers.

2. Transparency in Project Information

Before RERA, buyers often had limited access to project details. With RERA, every registered project must provide complete and accurate information—including land status, construction stages, legal approvals, completion timelines, and layout plans. This transparency helps buyers make informed choices. At Galaxy Group, all our projects are RERA-registered with full disclosure.

3. Timely Delivery of Projects

Delays were once a major concern in real estate. RERA now holds developers accountable for project deadlines. If the builder fails to deliver possession within the promised time, they must compensate the buyer with interest for the delay. This legal protection gives buyers peace of mind. Galaxy Group ensures timely delivery, aligning project progress with what’s promised under RERA.

4. Financial Discipline by Builders

Under RERA, builders must deposit 70% of project funds collected from buyers into a separate bank account. This amount can only be used for that specific project’s construction and land cost. This clause prevents fund diversion and ensures your money is used responsibly—something we strictly follow at Galaxy Group.

5. Grievance Redressal and Legal Support

If a buyer faces any issue—be it a delay, deviation from the approved plan, or poor construction quality—RERA provides a fast-track dispute resolution system. Buyers can file complaints with the RERA authority, and the matter is usually resolved within a set timeframe. This is a powerful step toward accountability in real estate.

6. Standardized Sale Agreements

Gone are the days of confusing clauses hidden in agreements. RERA mandates a uniform sale agreement format to avoid legal ambiguities and protect buyer interests. Buyers now have legal clarity on terms, penalties, and timelines—something Galaxy Group has embraced from the start.

Conclusion: RERA Brings Trust Back into Real Estate

RERA has truly transformed the real estate landscape in India by empowering homebuyers, increasing transparency, and ensuring developers are held accountable. At Galaxy Group, we fully support the spirit of RERA and are committed to ethical, buyer-first practices.

So when you choose a RERA-registered home, you’re not just buying a property—you’re investing in trust, security, and peace of mind.