The Real Estate (Regulation and Development) Act, 2016 (RERA), was implemented with the aim of introducing transparency, accountability, and fairness in the real estate market. Although it has empowered the rights of the homebuyers, it has also outlined clear responsibilities of the real estate promoters and developers.
As a builder, developer or promoter, it is important to know your promoter duties, compliance requirements and legal disclosure requirements under RERA. Failure to comply may result in severe fines, project delays or registration suspension.
At Best RERA Lawyer, we have a group of RERA advisors who will offer legal counsel services to promoters beginning and ending with the law. This is all that is needed to do – to secure your business, to ensure your reputation, and to make sure your projects are run without legal issues.
Each promoter registered under RERA has certain responsibilities to observe from the time the project is conceived up to the time when it is handed over to the buyer.
The promoter obligations are not mere formalities, as they are critical steps towards gaining trust and credibility in the market.
Key Promoter Obligations Include:
Our lawyers assist the promoters in knowing all these requirements and also in the development of a roadmap of compliance to ensure smooth sailing.
RERA defines a number of promoter responsibilities to make sure that buyers are being given what they were promised. These are the duties that are obligatory, given the legal laws, and are directed to advance transparency within the industry.
Basic Promoter Responsibilities:
A promoter has to seek registration of the project with the RERA authority before advertising or selling.
All promotional content must be valid and in line with the project particulars registered with RERA. False advertisement is punishable.
Promoters will be required to post quarterly reports on the status of the project, units sold, approvals and completion status on the RERA site.
The promoter covers the structural quality of the building for five years after the handover.
In case a defect or deficiency is discovered in the course of five years of possession, then the promoter should repair it within 30 days at no extra charge.
On full payment and handover, the promoter has to transfer a registered conveyance deed to the buyer.
Promoters should have open financial documentation concerning the project funds and spending.
Our legal professionals help in making sure that all the promoter duties are done in the right legal way to minimise risks and conflicts.
There are several legal and financial requirements for running a real estate project. It is quite simple to miss important compliance issues without good legal backing, and this can translate to notices, fines or project delays.
At Best RERA Lawyer, we offer a full-scale legal consultation to promoters, including registration and document preparation and after taking possession.
Our Legal Advisory Includes:
Our qualified RERA attorneys assist the promoters to understand the provisions of the law in the right manner and adopt best practices to comply in the long term.
Effective real estate operations are based on compliance. Under RERA, all promoters will have to comply with a number of requirements at every phase of the project lifecycle.
Key Compliance Areas:
We provide the services of assisting promoters to comply with all these requirements on the basis of systematic legal documents and updates at Best RERA Lawyer.
Transparency is one of the key principles of RERA. In the Act, strict legal disclosure standards are laid down that every promoter has to follow in order to protect buyers’ interests and ensure accountability.
Important Disclosure Norms Include:
Non-compliance with these disclosure-related legal requirements may attract fines, suspension of registration, and even imprisonment as per the RERA Act.
Our firm assists promoters to develop an effective disclosure and compliance regime that minimises legal risks and enhances market standing.
Therefore, choosing an appropriate legal partner is vital for their compliance maintenance and effective management of promoter obligations.
At Best RERA Lawyer, we combine deep legal expertise with extensive industry experience and a practical approach to solving real-world problems faced by real estate promoters.
What makes us different:
Personalised legal advice for promoters according to the type of project and scale. We focus on simplifying the legal process so promoters can concentrate on what they do best: delivering quality real estate projects.
Our experts assist in the efficient completion of project registration, documentation, and compliance formalities, making sure all submissions are legally sound.
We monitor quarterly disclosure filings, records of fund use, and buyer reports for continuing compliance.
We draft and review sale agreements, joint development agreements, and builder-buyer contracts to ensure that these meet the norms laid out by RERA.
In case promoters face legal challenges, complaints from buyers, or notices from the RERA authority, our lawyers strongly represent and defend them.
We also conduct compliance audits and training sessions for promoter teams to understand and implement the obligations under RERA effectively.
Even with the best of intentions, many promoters have run into problems by misinterpreting the somewhat intricate provisions of RERA. Common challenges faced by them include:
With the best RERA lawyer, promoters get proactive legal advice to avoid such challenges even before they become serious legal issues.
Complying with RERA not only saves on penalties but also consolidates business reputation.
Key Benefits:
It is not just a requirement but an investment in sustainable business growth.
Assistance with registration and documentation for RERA projects.
Guidance on promoter obligations, legal disclosure standards, and fund utilization.
Preparation and review of agreements, MoUs, and legal notices.
Legal defense and representation in case of buyer complaints or authority hearings.
Assistance in preparing and uploading quarterly updates as required by RERA.
Comprehensive audits to ensure ongoing project compliance.
Customized sessions to educate promoter teams about their RERA responsibilities.
Arrange a meeting with our RERA lawyers on your project and legal requirements.
We examine the details of your project to reveal promoter requirements and failure to comply.
The legal department drafts or reviews all the required registration or compliance filing documents.
We help with filing and disclosures and also represent you at RERA authorities in case of need.
Obtain legal services on a permanent basis to facilitate the entire project lifecycle.
Complying with RERA is not a choice but a compulsion of all real estate promoters. Knowledge of the promoter requirements, compliance requirements and legal disclosure standards is the secret to success in the regulated real estate world.
The mission statement at Best RERA Lawyer is straightforward: to provide promoters with legal advice that is clear, actionable, and professional and keeps their business running straight, transparent, and trusted.
Build confidently. Comply responsibly. Collaborate with the best RERA lawyer- your real estate attorney.
Find Answers To All Your Queries Here!
Find Answers To All Your Queries Here!
Under RERA, some of the obligations imposed on the promoters are registration, transparent disclosures, completion of projects on time, and utilisation of funds in a proper manner.
It assists in adhering to the RERA regulations, avoidance of fines and legal safeguarding of the project image.
Promoters are supposed to register projects, give the correct details, maintain funds and deliver projects on time.
They demand that the promoters be transparent to buyers with approvals, schedules, financials, and ownership of projects.
Failure to comply may result in huge fines, enforcement of project registration or even a jail term under RERA.
Professionally, lawyers make sure that the proper documentation, registration, disclosures and defences of promoters are done before the RERA authorities.
Following disclosure standards enhances buyer confidence, transparency, lessening of conflicts, and long-term adherence.
