The Real Estate (Regulation and Development) Act, or RERA, was launched in 2016 to protect homebuyers and bring transparency to real estate. Now in 2025, RERA has evolved into its next version — RERA 2.0 — with stricter rules, better buyer protection, and stronger digital systems.

Here’s a complete guide for buyers:

1. Stricter Rules for Builders

RERA 2.0 ensures builders follow rules more strictly:

• Builders cannot advertise or sell before RERA registration.

• Advance booking amount is limited to 10% of the property cost.

• Builders must stick to approved plans — no surprise changes allowed.

This helps buyers avoid fake promises or delayed projects.

2. Digital Transparency

RERA 2.0 is now fully digital:

• Buyers can track project status online on state RERA websites.

• You can view construction progress, completion dates, approvals, and even complaints online.

 Example: If you're booking a flat in Medavakkam or Perumbakkam, you can check the builder's credibility on the TNRERA website.

3. Timely Project Completion

• If a builder delays the project beyond the promised date, RERA 2.0 enforces penalties and compensation.

• Buyers can claim refund with interest if there's a long delay.

This puts pressure on builders to complete the project on time.

4. Safe Handling of Buyer’s Money

Under RERA 2.0:

• Builders must deposit 70% of the money collected into a separate escrow account.

• This money can only be used for that specific project.

So, your money is protected and not misused for other purposes.

5. Regular Updates & Audits

• Builders must submit quarterly updates (construction, approvals, finances).

• RERA officials can inspect and audit projects anytime.

This ensures better accountability.

6. Fast Complaint Resolution

• RERA 2.0 promises to resolve buyer complaints within 60–90 days.

• You can file complaints online with proper tracking.

No need to run to courts — you get a faster and fair resolution.

7. Right to Exit the Project

If the builder:

• Delays beyond promised timeline, or

• Changes layout or amenities without your approval

You can exit the project and claim your full refund with interest under RERA 2.0.

Final Tips for Buyers in 2025

Before booking a home, make sure to:

 Check RERA number and registration on the state website (like TNRERA for Tamil Nadu)
 Review approved layout, amenities, and timelines
 Understand your rights in case of delay or fraud

 Why RERA 2.0 Matters

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