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What new RERA rules in Gujarat should every buyer know? www.laxmigroup.coban site

The new Gujarat RERA rules have been introduced to make the real estate process more transparent and buyer-friendly. Every homebuyer should know these updates before checking any Gujarat RERA project status or investing in a new property. From January 2025, Gujarat RERA has made it mandatory for developers to maintain three separate bank accounts for each project — one of which is the RERA collection account. This ensures that the money received from buyers is used only for that specific project and helps maintain proper RERA compliance. Another major change is the introduction of Form 8, which simplifies quarterly reporting for builders. Developers can now easily submit Gujarat RERA project details and progress updates every quarter, making it easier for buyers to track the real-time development of their projects. RERA has also become stricter about advertising rules. Every advertisement, brochure, or digital campaign must now display the Gujarat RERA registration number and a QR code that links directly to the project details on the official portal. This helps buyers verify Gujarat RERA project status instantly and prevents false claims or pre-launch promotions by unregistered builders.
Read the full article on www.laxmigroup.co
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