This law is a major regulatory framework that governs the real estate sector across the country. It was introduced to bring transparency, discipline, and accountability to property development, while protecting homebuyers from common issues such as project delays, misleading advertisements, financial fraud, and unfair trade practices. For someone planning to buy a home, this regulation changes how projects are launched and marketed. Developers are required to register their housing projects with the designated state authority before advertising, selling, or accepting bookings. This ensures that only verified projects enter the market, reducing the risk for buyers. Registered projects must disclose complete and accurate information, including land title details, layout plans, approvals, construction schedules, and expected possession timelines. Buyers also receive legal protection against delays, false promises, changes in project specifications, and hidden charges, giving them stronger rights and remedies. For developers, registration is not just a legal requirement but also a credibility booster. Compliance improves buyer confidence, attracts serious customers, and creates a more trustworthy market environment. One of the key financial safeguards under this framework is the requirement that a significant portion of the funds collected from buyers be kept in a separate escrow account. This money can be used only for construction and land-related expenses, preventing fund diversion and ensuring steady project progress. The law establishes a uniform consumer-protection framework across the country, covering aspects such as registration thresholds, financial discipline, construction timelines, and public disclosure through state-level online portals. At the same time, individual states are allowed to introduce additional procedural and operational rules to suit local conditions. As a result, developers must comply with both the central requirements and the specific regulations of the state in which the project is located to ensure lawful registration and ongoing compliance throughout the project lifecycle.