The Telangana Real Estate Regulatory Authority (TS RERA) was introduced to bring transparency, accountability, and trust to the real estate sector. It protects homebuyers and ensures that builders follow proper rules and timelines.
Under Telangana RERA, all residential and commercial projects above a certain size must be registered before marketing or selling. Builders must provide complete project details, including layout plans, approvals, completion timelines, and legal documents. This information is available publicly on the TS RERA website, helping buyers make informed decisions.
One important rule is that builders must deposit 70% of the project funds collected from buyers into a separate bank account. This ensures the money is used only for that specific project and reduces the risk of delays.
RERA also protects buyers from unfair practices. If there are delays in project delivery, buyers are entitled to compensation or interest. Builders cannot make major changes to approved plans without the consent of buyers.
For homebuyers in Telangana, RERA provides legal support and a complaint mechanism if any dispute arises. Before purchasing property, always check whether the project is RERA registered. It adds an extra layer of safety and ensures your investment is secure.