What is RERA and Why It Exists
RERA — the Real Estate (Regulation and Development) Act, 2016 — was created to protect home buyers from project delays, specification changes and fund diversion. Before RERA, developers routinely missed possession dates by years with minimal accountability. RERA changed this fundamentally.
Key Buyer Protections Under RERA
- Registered commitments: Floor plans, amenities, carpet area and possession date are legally registered — cannot be changed without consent.
- Carpet area pricing: All pricing must be on carpet area — eliminating the "loading factor" manipulation.
- Escrow protection: 70% of buyer funds kept in a dedicated escrow account, usable only for the registered project.
- Possession compensation: Delays trigger compensation at the same rate as buyer default interest.
- 5-year defect liability: Structural defects covered for 5 years post-possession.
MahaRERA — Maharashtra's Real Estate Regulator
MahaRERA is Maharashtra's implementation of RERA. All projects with 8+ units or 500+ sq.m. must register before selling. The public database is searchable at www.maharera.mahaonline.gov.in. The Titan Towers registration: PR1261012601027.
How to Verify on MahaRERA — Step by Step
- Go to www.maharera.mahaonline.gov.in
- Click "Projects" → "Search Project"
- Enter project name or RERA number
- Review the project details page
What to Check
| Field | Check For | Red Flag |
|---|---|---|
| Registration Status | "Active" | Expired / Revoked |
| Developer Name | Matches who you're buying from | Different entity |
| Amenities | Promised amenities appear here | Missing items |
| Completion Date | Note carefully | Already past |
Verify The Titan Towers — PR1261012601027
Search PR1261012601027 at maharera.mahaonline.gov.in: The Titan Towers · Developer: VBC · Address: Near Bishop's School, Off NIBM Road, Undri, Pune 411060. Every specification, amenity and floor plan publicly viewable and legally committed.
Ready to Visit The Titan Towers?
RERA: PR1261012601027 · Near Bishop's School · Undri, Pune