1. Mandatory Project Registration
All residential and commercial projects must be registered with CG RERA before marketing or sale.
2. Limit on Advance Payment
Builders cannot take more than 10% advance payment before signing a proper agreement.
3. Separate Escrow Account Rule
- 70% of buyer funds must be kept in a separate account
- Funds can only be used for that specific project
This prevents misuse of funds by developers.
4. Quarterly Project Updates
Developers must regularly upload project progress on the official RERA portal.
5. Penalty for Non-Compliance
- Heavy fines for unregistered projects
- Daily penalties for agents operating without registration
This has improved trust in the Bilaspur property market.
6. Buyer Protection & Refund Policy
If a project is delayed:
- Buyers can withdraw
- Full refund with interest must be provided