Post-Purchase Power: Track Your Project on the RERA Website

Post-Purchase Power: Track Your Project on the RERA Website (By CA Lalit Pawar)

You’ve bought your dream home – congratulations! But your journey doesn’t end with the sale deed. In today’s real estate landscape, staying informed is crucial, and the Real Estate (Regulation and Development) Act, 2016 (RERA), empowers you to do just that. One of the most valuable tools at your disposal is the RERA website, where you can track the progress of your project. As a Chartered Accountant and RERA consultant, I, CA Lalit Pawar, strongly encourage all homebuyers to make it a habit to check the RERA website every quarter or six months. Here’s why:

🏠 Why Monitoring Project Status Matters

Staying informed about your project’s status after buying a home is essential for:

• Peace of Mind: Knowing that the project is progressing as planned.
• Early Detection of Issues: Identifying potential problems or delays early on.
• Making Informed Decisions: Being prepared to take action if necessary.
• Protecting Your Investment: Safeguarding your financial interests.

RERA’s Transparency Mandate: Information at Your Fingertips

RERA mandates promoters (developers) to provide regular updates on their projects, which are then made available on the RERA website. This includes information on:

1. Construction Progress: Details of the construction work completed, milestones achieved, and any delays encountered.
2. Financial Progress: Information on the funds collected from homebuyers and their utilization.
3. Approvals and Clearances: Updates on statutory approvals, NOCs, and other regulatory clearances obtained.
4. Deviations from Original Plan: Any changes or deviations from the originally approved plan, along with justifications for such changes.
5. Litigation Details: Information on any pending legal cases related to the project.

How to Check Your Project’s Status on the RERA Website:

• Visit the RERA website for your state (e.g., MahaRERA for Maharashtra).
• Search for your project by name or registration number.
• Review the project details, including the promoter’s information, approved plan, and completion date.
• Check the “Quarterly Progress Reports” or similar section for the latest updates.
• Look for any red flags or areas of concern, such as significant delays or deviations from the approved plan.

What to Do If You Notice Issues:

If you notice any issues or discrepancies in the project updates, take the following steps:

• Contact the promoter to seek clarification.
• Document your concerns in writing.
• Consult with a real estate lawyer or RERA consultant.
• If necessary, file a complaint with the RERA authority.

The Benefits of Regular Monitoring:

• Early Warning System: Helps you identify potential problems before they escalate.
• Increased Awareness: Keeps you informed about the project’s progress and any changes.
• Empowered Decision-Making: Allows you to make informed decisions about your investment.
• Greater Control: Gives you a sense of control over the situation.

MahaRERA: A User-Friendly Platform

MahaRERA has made it easy for homebuyers to access project information and track progress on its website. The platform is user-friendly and provides detailed information in a clear and concise manner.

Conclusion: Stay Informed, Stay Protected

Buying a home is a significant investment, and it’s essential to stay informed about your project’s status even after the purchase is complete. By making it a habit to check the RERA website every quarter or six months, you can protect your investment, ensure that the project is progressing as planned, and take timely action if necessary.

For More information, please refer original order @ MahaRERA Website:

Blog by CA Lalit Pawar

after buying home don’t just wait go to RERA web site and check status of project every quarter or six months

Disclaimer: This blog provides general information about the importance of checking the RERA website after buying a home. For specific advice and guidance related to your situation, please consult with a RERA expert or a real estate lawyer. Also, always refer to the official MahaRERA website (maharera.maharashtra.gov.in).

Note: As per ICAI guidelines, please remember that this content is for informational purposes only and does not constitute professional advice. Consult a qualified professional for specific guidance related to your situation.