Understanding RERA: How It Protects Home Buyers in Raipur
Why Classic Group Supports RERA
Committed to ethical and transparent real estate practices.
All Classic Group projects in Raipur comply with RERA regulations.
Focus on timely delivery and trusted customer relationships.
Provides documented agreements, clear pricing, and status updates throughout project progress.
Introduction
Buying a home is one of the biggest investments in a person’s life. To protect buyers from project delays, frauds, and false promises, the Indian Government brought the Real Estate (Regulation and Development) Act in 2016, shortly known as RERA.
RERA makes the real estate market more transparent, ensures accountability from builders, and safeguards the interests of home buyers.
In Chhattisgarh, before advertising or selling any projects, all real estate developers must register their projects under CG RERA (Chhattisgarh Real Estate Regulatory Authority) .
How RERA Protects Home Buyers in Raipur
1. Mandatory Project Registration
Every developer must register their housing or commercial project with Chhattisgarh RERA before starting any sale or promotion. Unregistered projects are considered illegal to sell.
Example: All projects by Classic Group are registered under CG RERA, ensuring full transparency and compliance.
- Advance Payment Protection
Under RERA, a builder cannot demand more than 10% of the property cost as an advance before signing a sale agreement.
This prevents misuse of funds and ensures you pay only for verified progress.
3. Dedicated Escrow Account
Builders are legally required to deposit 70% of buyer payments into a separate escrow account, which can only be used for construction and project completion.
This ensures your money is used solely for your home — not diverted elsewhere.
- Defect Liability Period
Builders are responsible for any structural defects or poor workmanship for five years after possession. If such issues occur, the builder must repair them at no extra cost within 30 days.
5. Quick Dispute Resolution
RERA has established Adjudicating Officers and an Appellate Tribunal to resolve disputes quickly — avoiding lengthy court cases.
As per the data on the website of Chhattisgarh RERA (https://rera.cgstate.gov.in/), there are a total of 1601 registered promoters, 1983 projects, 901 agents and total 3006 disposed complaints.
Why Choose a RERA-Approved Builder Like Classic Group
Classic Group believes in transparency, trust, and timely delivery.
All our ongoing and upcoming projects are RERA registered, ensuring that our clients experience a secure and risk-free property investment in Raipur and Naya Raipur.
Published by:
Mohd. Abid Surya
Promoter, Classic Group
Raipur Chhattisgarh