Builder refusing RERA registration details? Here’s what homebuyers should do
The Enforcement Directorate has issued an advisory urging homebuyers to verify RERA registration details and avoid suspicious payment practices following a major real estate fraud case. The guide outlines how buyers can use official portals to check project legitimacy and protect their investments.
Why it matters
It provides essential consumer protection information for the real estate market, helping buyers avoid financial exploitation.
The Enforcement Directorate has warned homebuyers to report builders who refuse to share RERA registration details, insist on cash payments, delay registered documents or fail to refund money. The advisory came after the ED provisionally attached assets worth Rs 129.80 crore belonging to an Ahmedabad based real estate company and its promoters in an alleged homebuyers fraud case.What is RERA and why does it matterRERA refers to the Real Estate (Regulation and Development) Act, 2016, which came into force on May 1, 2016. The law aims to protect homebuyers, improve transparency in real estate projects and provide a regulatory mechanism for disputes.
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