Use Rera portals for due diligence before and after purchase

Inthe Hitendrakumar Bhaichandbai Panchal vs Piramal Estate Pvt Limited case, the homebuyer alleged that the developer's refusal to share information delayed the approval of his State Bank of India (SBI) home loan.

- SANJEEV SINHA

The Maharashtra Real Estate Regulatory Authority (MahaRera), however, held that the project was duly registered. All disclosures were available online, and hence the builder was not responsible for the delay. The case underlines the need for buyers to make better use of state Rera websites.

Check Rera registration

Before booking a flat, buyers should confirm that the project is registered with the state’s Rera portal. “Registration means the builder has shared all key project details — land title, approvals, layout, possession timelines, and pending cases — on a government platform. This ensures that the project is genuine and monitored by the regulator. It also prevents fund diversion, as builders must keep 70 per cent of buyers’ money in a dedicated account for that project,” says Shankey Agrawal, partner, BMR Legal. Registration also provides buyers with legal rights to seek refunds or compensation for delays or violations.

Checks to run before booking