About RERA Regulations

The Real Estate (Regulation and Development) Act, 2016, brought in significant reforms to the Indian real estate sector with the aim of enhancing transparency, accountability, and consumer protection. Due diligence is an essential part of any real estate transaction, especially in the context of RERA

Due Diligence of RERA means meticulous scrutiny of all aspects of a real estate project or property before entering into any agreement or making an investment. It is a process that looks at all the possible risks, checks the authenticity of the project, and also makes sure that all the RERA regulations are being met.

Some of the main focus areas in RERA Due Diligence include:
  • Verification of RERA Registration: It will be verified whether the project is registered under RERA with the concerned state authority. It ensures that the project is ruled under the legal framework and provides a platform for consumer grievances.
  • Check of Project Documents All appropriate documents of the project like local authorities approval, environmental clearance, contract agreements with contractors are to be checked. It would ensure that the project possesses necessary legal and regulatory approvals.
    Developer’s track record, financial stability, and past project performance are assessed. This means the developer’s history is researched, and their financial health evaluated; customer feedback is reviewed as well.
  • Review of Agreement for Sale: Should be in consonance with guidelines given under the RERA guideline; safeguard buyer’s interest as all terms and conditions regarding sale transactions should feature there.
  • Compliance with RERA Provisions: The project should be in compliance with all relevant RERA provisions, such as the opening of separate escrow accounts for project funds, completion of projects within the scheduled time, and adherence to approved plans.
  • Due diligence under RERA is essential for both the buyer and the investor in the Indian real estate market. It helps reduce the risks, safeguards investments, and ensures a smooth and secure experience in the transaction of real estate.

Why Choose GSLO?

GSLO advises all those involved in real estate projects – promoters, investors, retail lenders and homebuyers. With our presence across the country we can help you understand and navigate the different state specific real estate rules and regulations.

  • RERA Compliance Support

    We assist developers, investors, lenders and homebuyers in meeting the legal requirements under the Real Estate (Regulation and Development) Act (RERA) and guide you through the process.

  • Comprehensive Real Estate Analysis

    We cover legal, financial and regulatory aspects in our assessment and help stakeholders to understand the risks and investment opportunities.

  • Understanding Real Estate Laws Across the United States

    We help people all over the country to understand the real estate laws for each state. So that everyone follows the rules and makes informed decisions based on local laws.

  • Customized Support for Every Participant

    GSLO advises promoters, investors, lenders and homebuyers at every stage of the real estate project. Our advice helps them to take informed decisions and ensures smooth and successful transactions.

Let Us Handle RERA Compliance!

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Services Included in RERA

Stay RERA compliant with our guidance. We help developers, investors, lenders, and homebuyers understand and comply with statutory requirements, reduce risks and increase transparency. Our advisory services build trust and confidence and ensure smooth project execution and compliance.

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Comprehensive Due Diligence Services

Do a thorough real estate due diligence with our in-depth legal, financial and regulatory assessment. We give you a detailed analysis of the risks, liabilities and opportunities associated with real estate investments and transactions. Our approach helps you make informed decisions and safeguard your interests and ensure legally sound transactions.

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Stakeholder Specific Guidance

Get promoter, investor, lender and homebuyer specific advisory services. Our experts guide you through entire real estate project and ensure adherence to industry best practices and laws. We minimize risks, streamline processes and make transactions seamless for all stakeholders.

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Regulatory Insights by State

Take advantage of our in-depth experience across India and in-depth knowledge of specific state real estate law and regulation.` With knowledge of regional compliance standards, we can ensure that the relevant local laws are being followed and provide localized advice. We also help you navigate state-specific challenges, making sure your real estate deals go smoothly and legally.

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Transactional Advisory

Professional advisory services go beyond advising on property transactions as they draw upon experience and tactical knowledge to inform decisions in navigating real estate transactions. We prepare you for deal structuring, agreements, and terms negotiation to maximize financial results. Our transaction advisory minimizes risks, increases legal security, and ensures that real estate transactions are in line with laws and business objectives.

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Transactional Advisory

Professional advisory services go beyond advising on property transactions as they draw upon experience and tactical knowledge to inform decisions in navigating real estate transactions. We prepare you for deal structuring, agreements, and terms negotiation to maximize financial results. Our transaction advisory minimizes risks, increases legal security, and ensures that real estate transactions are in line with laws and business objectives.

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Litigation Support

Get legal support in resolving real estate disputes and litigation matters. Whether defending against claims or pursuing legal remedies, our legal team provides advisory, documentation and case management. We protect your interest and ensure quick resolution and minimal disruption to real estate operations.

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RERA Compliance FAQs: Your Ultimate Guide

As always, we are here to help you get off to a strong start. Below you will find a list of essential FAQs designed to give you a better understanding of RERA.

  • What is RERA, and why is it crucial?

    The Real Estate (Regulation and Development) Act, 2016, which regulates the real estate sector, was enacted so as to bring clarity and transparency. It requires registering projects, upholding expectations, and fair dealings from both buyers and developers, and also helps in reducing the frauds and disputes in real estate transactions.

  • Which organizations are covered under RERA?

    Everyone in the chain – developers, promoters, real estate agents and even homebuyers – must now follow RERA guidelines. Developers have to register projects, provide financial details, and adhere to timelines, while agents have to register with the RERA. The provisions for grievance redressal and transparency in transactions help homebuyers under RERA.

  • What are the stipulations of RERA to safeguard the interest of Homebuyers?

    While it protects the interests of the homebuyers by preventing any fraud and ensuring that all real estate projects be registered with it, every detail being disclosed, and all the money spent in a transparent manner therefore RERA booms the real estate market after being introduced. It stops project delays, false advertisement and unfair terms in contracts, and provides for grievance redressal through RERA tribunal and appellate authority.

  • What are the vital compliance needs of developers on RERA?

    Developers are required to register the project with the state RERA authority, submit financial disclosures, comply with approved project designs, deposit 70% of project funds in an escrow account, and complete the project on time. They must also provide legal transparency in contracts and address buyer complaints.

  • How does RERA Compliance Advisory do the developers and investors?

    Advisory services that guide developers and investors on compliance with RERA legal provisions while registering their respective projects, upholding disclosure standards, and executing financial obligations. RERA compliance advisory services help developers and investors navigate regulatory requirements. Advisory services also help you with legal documentation, solving disputes, and reducing the risk associated with non-compliance.

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