RERA 2024: What Every Homebuyer in Hyderabad Must Know

The Real Estate (Regulation and Development) Act, 2016 transformed the homebuying experience in India. For buyers in Hyderabad, the Telangana State Real Estate Regulatory Authority (TSRERA) provides a framework of rights and protections that every buyer should understand before signing any agreement.

## What RERA Requires Developers to Do

Under RERA, every residential project exceeding 500 square meters or 8 apartments must be registered before any marketing or sales. Developers must deposit 70% of collections in a dedicated escrow account, used exclusively for construction.

## How to Verify a Project

Visit rera.telangana.gov.in and search by project name or registration number. A registered project will show the developer's details, project specifications, timeline commitments, and any complaints filed.

## Your Rights as a Buyer

You are entitled to receive all information about the project, including approved plans, specifications, and any changes. If a developer fails to deliver by the committed date, you are entitled to either a full refund with interest or compensation for the delay.

## Red Flags to Watch For

Be cautious of any developer who cannot provide a TSRERA registration number, or who asks for payments outside of structured agreement stages. Shanta Sriram maintains 100% RERA registration across all projects.