The implementation of Haryana RERA has significantly impacted real estate developers by enforcing strict regulations that enhance transparency and accountability. Developers are now required to register all projects with Haryana RERA, providing detailed information about project timelines, construction progress and financial management. This mandatory registration has reduced fraudulent practices and increased developer accountability​​.

A major regulation under Haryana RERA mandates that 70% of the funds collected from buyers must be deposited into a separate escrow account. This measure ensures that the collected funds are utilized solely for the specific project, preventing the diversion of resources and promoting timely project completion​​.

Moreover, Haryana RERA has introduced stringent penalties for developers who fail to adhere to project deadlines or quality standards. These enforcement mechanisms ensure that developers maintain high standards and deliver projects as promised, thereby increasing buyer confidence and market stability​.

Overall, Haryana RERA has created a more regulated and transparent real estate environment, benefiting developers by fostering trust and ensuring accountability in project executions, ultimately leading to a more stable and reliable real estate market​.