RERA Checklist: 9 Things to Verify Before Booking a Flat

Why due diligence beats discounts

A booking discount is worth very little if possession slips by three years. Spending an hour on documentation before you pay the booking amount is the highest-return work in the entire buying process.

The nine checks

Work through these in order, and keep copies of everything you are shown.

• RERA registration number of the project, verified on the state RERA portal.
• Approved building plans and the sanctioned number of floors and towers.
• Land title and whether the land is owned or under a development agreement.
• Carpet area stated in the agreement, not just super built-up area.
• Complete cost sheet: PLC, parking, club, IFMS, GST and registration.
• Payment plan and the construction-linked milestones tied to it.
• Possession date as written in the builder-buyer agreement, with delay penalty clauses.
• Developer's delivery record on at least two completed projects.
• Bank approvals — whether major lenders have already approved the project.

Get the documents reviewed

If you would like a second pair of eyes on a cost sheet or an agreement before you commit, send it across and our team will walk you through what to question.