How RERA Telangana Protects Homebuyers | Avoid Fraud, Delays & Legal Risks
Planning to buy property in Telangana? RERA Telangana ensures fraud-free deals, timely possession & legal protection. Learn to verify projects & secure your investment today
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Are you planning to buy a property in Telangana? Worried about fraudulent developers and delayed projects? The Real Estate Regulatory Authority (RERA) Telangana ensures transparency and safeguards homebuyers from real estate scams. This guide explains how RERA Telangana protects property buyers, ensuring a safe and secure investment.
1. Mandatory Registration of Real Estate Projects
To eliminate unauthorized developments, RERA Telangana mandates that all real estate projects exceeding 500 sq. meters or with more than eight units must be registered before launch. Developers must submit:
- Approved project plans
- Financial disclosures
- Construction timelines
- Legal approvals
2. Protection Against Delayed Possession
Many homebuyers face project delays, leading to financial stress. With RERA Telangana:
- Developers must specify a definite possession date.
- Buyers are entitled to compensation or refunds if the project is delayed.
- Heavy penalties are imposed on developers for non-compliance.
3. Transparency in Sale Agreements
Before RERA, developers often inserted hidden clauses in agreements. Now, standardized sale agreements ensure:
- Buyers receive clear contract terms.
- Developers cannot modify plans without buyer consent.
- Refunds are mandatory if terms are violated.
4. 70% Buyer’s Money Secured in an Escrow Account
One of the biggest frauds in real estate was the misallocation of funds. Now, RERA Telangana ensures 70% of buyer’s payments are deposited in an escrow account. This prevents developers from:
- Misusing funds for other projects.
- Abandoning construction after collecting money.
5. 5-Year Defect Liability Period
After buying a home, buyers may discover construction defects, water leakage, or structural issues. Under RERA:
- Developers must repair defects for free within 5 years of possession.
- Buyers can raise complaints and expect quick resolutions.
6. Strict Rules for Advertisements & Promotions
Many developers lure buyers with misleading ads. RERA Telangana ensures:
- Developers cannot advertise a project without RERA registration.
- False promises about amenities, sizes, or timelines lead to strict penalties.
- Buyers can legally demand compensation for misleading ads.
7. Quick Dispute Resolution Through RERA Tribunal
If buyers face fraudulent practices, they can file complaints with the RERA Telangana Appellate Tribunal, which:
- Resolves disputes within 60 days.
- Imposes penalties on defaulting developers.
- Ensures refunds and compensation as per RERA guidelines.
8. Safeguarding Buyers from Illegal Projects
RERA Telangana ensures only approved projects are listed for sale. Buyers must:
- Check RERA registration before making financial commitments.
- Avoid projects that do not have official RERA approval.
9. Accessing RERA Telangana Services
Buyers can visit the RERA Telangana website to:
- Verify project and developer registration.
- File complaints online.
- Track real estate legal updates.
Conclusion
RERA Telangana plays a vital role in protecting homebuyers from fraud and delays. By ensuring transparency, financial security, and legal support, it has made the real estate market safer. Before buying property, always verify RERA registration to avoid risks.
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Frequently Asked Questions (FAQs)
How can I check if a project is RERA registered in Telangana?
Visit the RERA Telangana website and search using the project or developer’s name.
What if a developer delays my possession?
Under RERA Telangana rules, you can claim compensation or a full refund.
Does RERA protect against false property advertisements?
Yes, misleading promotions are punishable under RERA.
What happens if a builder does not register with RERA?
Selling an unregistered project is illegal, and the builder can face fines or imprisonment.
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