Check the exact phase, promoter, declared completion date and updates on the appropriate authority portal. Statutory exemptions exist; absence of registration needs a proper explanation. Registration is not insurance against every project risk.
A promoter cannot collect more than 10% of the unit cost as advance or application money before a written, registered agreement for sale. For qualifying defects reported within five years of possession, section 14(3) provides no-charge rectification within 30 days, with remedies for failure.
Delay can give rise to refund, interest or compensation rights depending on the applicable provisions and whether you withdraw. Preserve your written records and obtain advice on the appropriate authority and remedy.
The prescribed 70% project account is for project land and construction costs with regulated withdrawals, not an insured personal deposit. Material changes have consent requirements and exceptions. Buyers also have payment and other obligations; take advice before withholding instalments.
Your practical checklist
- Check your actual project and phase, not a similar name
- Read registration, extensions and relevant orders
- Read the agreement before substantial payment
- Preserve receipts, emails and advertisements
- Raise concerns in writing with supporting documents
Further reading: RERA Act · sections 3, 4, 13, 14, 18, 19 & 31 ↗. ATY’s introductory guidance is not legal, tax or technical advice for a particular property. Obtain qualified independent review before committing.
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