The RERA, 2016 ensures accountability towards consumer and attempts to balance the interest of consumers and promoters, through its provisions which has imposed certain obligations over promoters to make them answerable and accountable towards consumers. Prior registration of real estate project with RERA in cases where the area of proposed land to be developed exceeds 500 sq metres, or where the number of apartments proposed to be developed exceeds 8, is now mandatory. It is the obligation of promoter to enclose all necessary documents with the applications.

Promoters are responsible to make allottee available all the necessary documents. The promoters are not allowed to accept as advance or deposit or application fee more than 10% of cost of the apartment without entering into the agreement for sale that too has to be registered. Promoters are bound to keep 70% of the amounts realized from allottees, deposited in schedule bank and the same is used only for meeting the cost of construction and land cost. Withdrawal is safeguarded by certification from an engineer, an architect and CA in practice. There may be a revocation of registration if there is any violation of terms and conditions of approval. Liability to rectify structural defect upto five years from the date of possession or any other obligations of the promoters as per the agreement for sale within 30 days of the issue of the notice. Liability to compensate allottees for loss caused by defective title and there is no time limit for the same.