What are the Rights of a Home Buyer in RERA act?

Real Estate Regulatory Authority (RERA) Act is aimed at protecting the interests of buyers in the real estate sector. First and foremost rights of a Home Buyer in RERA act is a mechanism for quick dispute redressal like conciliation forum. Right to compensation on issues like delay in project delivery, Occupation certificate, completion certificates. Grievances on matters of property pricing, quality of construction will be answered. Matters of title deeds and other land or building agreements will be solved. Benches and conciliation forums will solve disputes in an quick, efficient and transparent manner.

Benefits of RERA to Home Buyers

Delay in the projects can be addressed

Developers who default the delivery date will pay an interest rate of 2%
Possibility of imprisonment of up to three years.

Quarterly progress disclosure

Common area and amenities’ progress has to be updated quarterly on MahaRERA website
Every building has to produce its progress report on quarterly basis along with CA’s certificate on expenses incurred.

Selling by Carpet area

Selling of property can only be based on the carpet area. Built-up and super built-up areas are demolished. Earlier buyers would be misled by builders on the carpet area, super built-up area, they would receive. Simply because nobody measures these things, thereby builders would deceive the consumers.

Buyers Consent for any change in plans

Developers will have to acquire consent of two-thirds of the buyers in a project before changing project’s design or any other structure. Earlier the builder would change the plan any time without intimating the home buyers. Now this will be punishable or penalised by RERA act.

Responsible for any defect in the construction for 5 years

Quality of the construction has been a concern for many buyers. Structural defect that takes place to the property for up to five years from the date of handing over possession will have to be repaired by the developer. Builder will have to repair it within 30 days without further charge.

Use of your money on your project only

The developer will be required to transfer 70% of the money received from buyers to an escrow account. Post which, the money will be withdrawn as per the stage of the construction, that will be approved by engineers and chartered accountants of builders.

Conciliation forum for grievances to quickly solve disputes
CREDAI and NAREDCO are a part of conciliation bench in Mumbai and Pune. Disputes will be addressed quickly and amicably. RERA body is working on many such benches across major cities. This is a part of Alternate Dispute Resolution (ADR) mechanism.
Builders will need all clearances before selling
Builders and agents will have to register themselves with the RERA, disclose every detail about the project and will be able to sell projects only after the necessary clearances have been attained.

No more false promotions. What you see is what you will get
Advertisement will have to carry the RERA registration number
Honest pictures and on false commitments on amenities or look of the building

Rights of a Home Buyer in RERA act is aimed at protecting the interests of home buyers and providing financial transparency, legal transparency, Commitment transparency, Administrative redressal is ensured in the new rule of RERA law. RERA registered projects have to abide by Quarterly progress disclosure, be responsible for any defect in the construction, use money of home buyers on that project only (Escrow account)
Make sure you are an informed and a savvy buyer. Give us a call to know how we can show digital transparency to home buyers. Also see all the projects that are frequently updated on our platform. See a platform that offers transparency and builds faith in the system.We help you fulfil your  dreams Ghar!
Backlink: https://umber-ghar.com/home.html#forCustomer

How is RERA and Transparency Related?

RERA was enacted to bring about transparency in the real estate market. Such need aroused due to lack of confidence of consumers in builders/promoters, poor access to legal documents and most importantly an absence of a government regulating body. In the RERA guidelines, developer has to register all his existing and upcoming projects under RERA and this will be monitored by authority and home buyers.
Builders have stringent compliance norms to follow. Umber Ghar software is developed out of his need. It is a bridge to RERA compliance requirements of the builder and their projects. Home buyers  through Umber Ghar- RERA filing software can have remote, definite and highly detailed view on what’s the status of their investment.

What is RERA ?

RERA or Real Estate Regulation and development act was enacted to bring about transparency
in the real estate market and enhance the consumer – developer relationship. It empowered the consumers to have better rights for his/her investments. Enabled builders to bridge the gap between them and their home buyers

What is the need of RERA?

RERA is a solution to a lot of problems floating in the real estate market. Like weak project progress monitoring, lack of confidence of consumers in builders, poor access to legal documents and most importantly an absence of a government regulating body.

How RERA functions?

Basically the developer has to register all his existing and upcoming projects under RERA, once registered the developer can give all the project relating information on the website. Maybe architectural details, construction plans, schedules etc. This happens before the sales and marketing starts.
After this the developer has to update the project status every 90 days in both physical and financial respects with the help of an engineer and C.A. This information will be provided to RERA and can be accessed by home buyers with the help of RERA registration number on RERA websites.

How does this benefit Consumers?

The consumer can now monitor all the progress and legalities on their own.
The builder has to complete the project on time if they want to avoid any legal action and penalty for delay
The builder cannot alter any part of the project as earlier specified without the consent of at least 2/3rd of the investors
What was promised by the developer has to be delivered.

Detail can be seen on https://maharerait.mahaonline.gov.in/PDF/FAQMergedPDF.pdf

How does this benefit Developers ?

With Transparency and confidence giving policy (RERA) sales will surely increase in real estate market and help bringing back the lost trust for developers.
Transparency is maintained throughout the progress of the project, at registration and after registration also. Return filing on every quarter is a mandate. Now all details regarding project progress and development, certificates and documents, CA ‘s audited reports are available.  There is no chance of any after sales complaints and if any arises there is a conciliation forum to address to redressals and grevances.
Marketing and branding opportunity is huge with the introduction of this act. A remarkably high customer satisfaction percentage can be obtained through this.

What is the role of Umber Ghar – Property Tracking application in all of this?

So now we see that legally there has to be transparency in real estate industry. Umber Ghar- RERA filing software is the medium to see through it. This software eases out all the compliance needs through its easy to use interface. Builders can update their project progress; certificates of architect, engineer and CA can be prepared and filed on the platform. Builder will get the most updated RERA website for his project.

On the other hand customers have remote, definite and highly detailed view on what’s the status of their investment. Facility of CCTv integration, video and photo uploads will establish a remote access to the site. Such transparency will improve the builders brand name.

In Conclusion RERA was enacted to bring about transparency in the real estate market. Home buyers through Umber Ghar- RERA filing software can have remote, definite and highly detailed view on what’s the status of their investment. Builders can efficiently, timely and accurately, carry out quarterly updates on the software. In effect faith and trust will be established between both the builder and home buyer mutually.

Problems in RERA Filing

The RERA Act aims to Regulate and Promote the Real
Estate Sector. The main aim of the Act is to protect the interest or buyers and promote timely delivery of properties or projects.

RERA requires every promoter of registered Real Estate Project to carry out quarterly updates of the project on the MAHARERA website. The promoter should ensure that project details are updated on regular basis. The upper limit of filing

RERA Returns is upto a maximum 90 days. The builders public facing website should also contain a field on “Project Last Updated on” for public view. Rera filing is a time-bound activity, that attracts fine if not filed within the statutory time frame.

Without a digital document, consultants are forced to rely on manual document management and tracking methods, which is prone to errors, delay in filing, back and forth of data, duplication of efforts and several follow up actions to chase the consultants. There is interdependency of information which results in the delay in gathering required information for RERA filing.

Platform for quarterly RERA filing (Form 1, Form 2, Form 3, Form 4)
Architects, RCC Engineers and CA submit & validate their data on the same platform
All previous RERA returns saved till project completion
Building wise & project wise distinct breakup of information
Filing process simplified and prone to fewer errors
All stakeholders can see latest Project developments online
See multiple projects on single login

Answers to Rera Updates and filing difficulties

All Rera registered projects have to quarterly update their progress on Rera website. This is to benefit all the flat or property purchaser of transparent dealings.

As builders have many projects running simultaneously, they face difficulty in coordinating between their internal team and the external signatory professionals, like the architect for form1 and form 4, engineer for form 2 and a CA for form 3 and 5.

A lot of time and effort is spent to streamline this new task. Several of mistakes happen due to lack of clarity or misinterpretation of the procedures. Coordination with all the people is a difficult deal. Rera site does not save old records therefore filing and managing files becomes important. For every decision, one has to see the file.

Umber-Ghar software has brought a solution to these challenges. On the platform, the developer team has to upload a photo, video and CCTV feeds. There are accessed by the developer /contractor team and the certifying members like the Architect and engineers (form 1 and form 2). Daily progress updates are recommended to bring a detailed timeline story to the project. Every building and their respective stages are tracked.

Seeing is believes. Accounting Books have a definite interpretation but if you see it with your eyes, you are left with no doubts. The responsibility of any external professionals like the CA’s is reduced while seeking bank sanctions for money withdrawals. CA can verify the percentage of work data, entered by the Architect. Details of Cost of work done can be seen on the application and CA can take this for reference to compute incurred expenses.

Umber Ghar platform brings all these people together and saves time, brings more truth and transparency to the table. Flat purchasers are assured of appropriate use of their funds. And this will develop faith in the builder. The efficiency of staff will improve by the use of this application. And error will drastically be reduced.


“Umber-Ghar, RERA Filing Software” is India’s first patented, SaaS-based e-platform, designed, developed and marketed solely by Umber IT Solutions. The system works on a cloud platform, and can be accessible over the internet from anywhere in the world. Umber-Ghar has many features which are helpful to home buyers, real estate developers, estate agents and financial institutions too.
Company’s core values are 3C’s – Customer satisfaction, Clarity (Transparency) and Communication. Umber-Ghar has focused teams for domain experts, UX design, development, sales & support. There is a dedicated team of Architects, Structural Engineers and CAs for RERA filing, compliance and support.

Umber Ghar for home buyers

Project Updates:

Builders have been black listed for project delays and possession dates have been extended at will. Some cases have shown delay of 5 to 8 years from promised possession date.
Here home buyer receives a login welcome mail from the builder after he has purchase a property in the RERA registered project. He/she now has visibility to home progress status, building progress in stages, common area progress; in photo, video, CCTv clips and virtual tour of the flat. All this can be seen in a very user friendly info graphic manner, and completely based on RERA gildelines.

Feature of Chat:

Many past grievances have occurred due to cold behaviour of post sales team. Customers do not have a contact point after registration of property, sales team do not entertain and seem very rude.
At Umber platform home buyers can chat with their relation manager, one to one chat, record of all the things communicated, and attachments exchanged will be saved till end of the project. Complaints and problems can be addressed with the help of chat record. Umber believes a customer will never have to approach a social forum or RERA conciliation forum if he has the proper channel of communication.

Umber Ghar for RERA Developers/Builders?

RERA Filing Module:

Noncompliance of RERA filing can end up with hefty penalties, other legal actions. Quarterly updates of RERA projects is a mandate. Architect, RCC Engineer, CA, have to file returns on Form1, Form2, Form3 respectively and Form4 & Form5 for building completion and yearly audit. This process means a lot of coordination, time consuming, and is also prone to errors. Record keeping of filed documents is also one of the challenges. All the documents have to be saved for 5 years from the date of project delivery and Possession certificates to all the home buyers.

Umber-Gharapplication empowers builders /promoters in several ways:

1. To coordinate builder’s office team with all these external professionals (Architect, Engineer, CA) to acquire respective certificates.
2. Digital and Signed copies of reports are well maintained on this platform.
3. Robotic automation feature furnishes all the data to MahaRERA site automatically. Error free filing is guaranteed.
4. All Stages progress photo will reduce moral responsibility of CA. Manipulation of accounts will be thus eliminated.
5. Management of all buildings and all projects is very efficiently performed
6. 2 step validation of data prior to filing
Benefits of Builders Dashboard: Today’s builder is a multi-tasked activity. He has projects in several locations, has to be on the move all the time and yet be closely connected to his business. RERA rules have to be followed is an additional burden.
Umber Ghar Builder dashboard is a platform that manages and tracks multiple projects in a simple and efficient manner

1. All the projects of the builder is managed in one place
2. Good and functional User Experience is designed to establish quick learning
3. Instalment alert for home buyers at every stage completion
4. Customer report and easy customer file management
5. Mobile accessible
6. Roles are assigned to access to the site
7. Photo, CCTv, Video, timeline, time and date stamps are visual enabler of project tracking

In Umber-Ghar, RERA Filing Service: In case you are looking for RERA consultancy service in filing your quarterly returns. We have a dedicated team of Architects, Structural Engineers and CAs for RERA filing, compliance and support. The application has made RERA filing process simple and prone to less error. All previous RERA reports saved and archived on cloud and can be viewed when required.

We are committed to Transparency and Communication. Umber-Ghar has focused teams for domain experts, UX design, development, sales & support. We take this mission of faith and trust to the next level. We are proud to offer a service and not just a platform. All the RERA compliance matters are addressed here