Haryana RERA (Real Estate Regulatory Authority) was established to enhance transparency and protect the interests of homebuyers in the Haryana real estate sector. Here are the key features:

• Project Registration: All real estate projects must be registered with Haryana RERA before they can be marketed or sold. This ensures that only compliant projects are available to consumers.

• Transparency: Developers are required to provide detailed project information, including layouts, timelines, and approvals, promoting transparency in the Haryana real estate market.

• Timely Completion: Haryana RERA mandates that developers adhere to specified timelines for project completion. If delays occur, developers must compensate homebuyers, protecting their investment.

• Escrow Account Requirement: Developers must maintain a separate escrow account for project funds. This ensures that money collected from buyers is used solely for the development of the specific project.

• Consumer Rights Protection: The authority protects the rights of consumers by providing a platform for grievance redressal, ensuring that issues related to delays, quality, or non-compliance are addressed promptly.

• Dispute Resolution: Haryana RERA facilitates effective dispute resolution between developers and homebuyers, helping to resolve conflicts without lengthy legal battles.

• Regulation of Agents: Real estate agents and brokers must also register with Haryana RERA, ensuring professionalism and accountability in the industry.

In summary, Haryana RERA plays a vital role in enhancing trust and accountability in the Haryana real estate sector, benefiting both developers and homebuyers.