Jalandhar RERA Implements Tougher Standards for Project Approvals in 2025
The Real Estate Regulatory Authority (RERA) in Jalandhar has introduced a new framework to boost accountability among developers, focusing on financial stability and project viability. This move follows Punjab RERA’s broader efforts to streamline real estate practices across the state, with over 1,595 projects already registered under its oversight.
Main Reforms
1. More Financial Scrutiny Starting right now, developers must provide detailed financial disclosures, including current liabilities, available liquidity, and contingency funds. This ensures projects aren’t hampered by financial shortfalls – a common cause of construction delays. The new requirements align with RERA’s national mandate to enforce transparency.
2. Project Viability Assessments
| Requirement | Description |
|---|---|
| Land Ownership Proof | Must demonstrate clear title without pending disputes |
| Approvals | Submit valid building plans, documents, and environmental clearances |
| Risk Analysis | Projects exceeding 5 floors require independent structural feasibility reports |
3. Penalties for Non-Compliance Developers failing to meet deadlines face stricter penalties. Punjab RERA has already issued notices to over 50 builders for delayed registrations, signaling a zero-tolerance approach. Repeat offenders risk project de-registration and fines up to 10% of the total project cost.
Impact on Homebuyers
| Accountability | Risk Mitigation | |
|---|---|---|
| Public project registries | Mandatory quarterly progress reports | Protection against hidden fees |
| Access to developer credentials | Legal recourse for delays | Stringent scrutiny of escrow accounts |
This stricter vetting process aims to rebuild trust in Jalandhar’s real estate sector. As of early 2025, Punjab RERA continues implementing nationwide reforms, including maintaining separate bank accounts for construction funds and prohibiting pre-launch offers. Homebuyers should prioritize RERA-registered projects to benefit from these protections.