The Real Estate (Regulation and Development) Act (RERA) was enacted to protect home buyers and bring transparency into the real estate sector. In Madhya Pradesh, the MP RERA authority regulates all commercial and residential developments spanning over 500 square meters or involving more than 8 apartments/plots.
Why Should You Always Buy a RERA-Registered Property?
- Protection Against Delays: Developers must commit to an official completion date with strict financial penalties for non-adherence.
- Financial Security: 70% of funds collected from buyers must be deposited in a dedicated bank account reserved solely for project construction.
- Standardized Carpet Area: Pricing is transparently based on actual carpet area rather than vague super built-up terms.
- Defect Liability Period: Developers are legally obligated to rectify structural defects occurring within 5 years of handover at no extra cost.
How to Verify a Project on the MP RERA Portal
- Visit the official portal at
rera.mp.gov.in. - Click on the Projects tab and select Registered Projects.
- Type the Project Name, Builder Name, or RERA Registration Number (e.g.
P-SGR-...). - Review the approved layout map, sanctioned floor plans, financial disclosures, land title documents, and progress reports uploaded by the promoter.
At 21 Builders, every featured project undergoes pre-screening to ensure valid RERA compliance so buyers can invest with complete peace of mind.