Buying a Flat? 6 Checks That Save ₹50 Lakh

Before you pay even ₹1 as a booking amount, RERA rules give you the right to verify a builder's land title, approved maps, bank escrow account, and complaint history — all for free online. Most buyers never bother, and thousands lose their life savings.

Here's what happened: RERA authorities are reminding homebuyers that every registered project must publicly disclose land title documents, sanctioned building plans, and unit inventory on the RERA portal before any sale.. Builders are legally required to deposit 70% of buyer funds into a dedicated escrow account — homebuyers can verify this account exists and is active before signing any agreement.. Each registered project must publish quarterly construction progress reports and the builder's full complaint and litigation history — red flags that most buyers never check before committing crores..

What you should do: Search the project on your state's RERA portal (rera.up.gov.in for UP) and confirm it has a valid, unexpired RERA registration number before paying any booking amount.. Download and read the builder's complaint history and past project delivery record on the portal — more than 2-3 unresolved complaints is a serious warning sign to walk away.. Ask the builder for the dedicated escrow bank account number in writing and verify with the bank that 70% of collected funds are being deposited there as required by law..

Pro tip: A RERA registration number alone is not enough — check the registration EXPIRY DATE. Many projects quietly lapse, making your legal protections disappear mid-construction.