Impact of RERA on Telangana Construction Industry

The Real Estate (Regulation and Development) Act, 2016 (RERA) has profoundly impacted the Telangana construction industry, promoting transparency, accountability, and efficiency in real estate developments. The following is how RERA has made its presence felt in the industry:

1. Greater Transparency & Consumer Protection

Homebuyers used to suffer from delayed projects, false advertisements, and concealed costs before RERA came into force. Now, developers have to:

✔ Register their projects with Telangana State RERA (TS-RERA) prior to launch.

✔ Make honest project disclosures, including timelines and financial disclosures.

✔ Refrain from deceptive advertisements and meet specifications as promised.

2.Timely Project Completion & Less Delays

One of the largest hurdles in real estate was project delays. RERA ensures:

✔ Timely completion of projects with strict deadlines.

✔ Compensation to the buyers for delays.

✔ 70% of buyers’ money should be paid into an escrow account, so that money is utilized only for one project.

3. Responsibility for Structural Defects

Constructors are now liable to rectify any structural flaws within five years of taking possession. This has enhanced construction quality and responsibility.

4. Increase in Trustworthy Builders & Developers

✔ Unreliable and unorganized developers have reduced.

✔ Serious, compliant builders alone flourish, building greater trust and investment opportunities in Telangana‘s real estate space.

✔ Purchasers are made safer by more demand for RERA-registered projects.

5. Challenges & Implementation Issues

✔ Financial regulations of RERA are hard to comply with for small builders.

✔ Delays in governmental approvals can decelerate the registration of projects.

✔ Buyers’ awareness about RERA benefits continues to rise.

Conclusion

RERA has turned Telangana‘s real estate sector into a more organized, consumer-friendly, and responsible business. Although there are still issues, its long-term effect guarantees improved consumer trust, reduced project delays, and a better-regulated construction environment.

 Want to invest in Telangana? Always verify whether the project is RERA-registered for a secure and safe investment!

Greenwich Constructions: Committed to excellence
At GREENWICH CONSTRUCTIONS, we fully embrace the RERA guidelines, ensuring that all our projects comply with legal and Quality standards. Our commitment to transparency, timely delivery, and superior construction practices makes us a trusted name in the industry.
Whether you’re an investor, homebuyer, or business owner, partnering with Greenwich Construction guarantees a seamless and reliable real estate experience in the evolving Telangana market.
For more details on our RERA- compliant projects, feel free to contact us!