ED Flags RERA Disclosure and Cash Payments in Property Deals

Greater scrutiny of property transactions is putting documentation and regulatory compliance firmly at the centre of the sales process.

Homebuyers have been advised to report developers who refuse to disclose RERA registration, insist on cash payments, delay registered documents or fail to provide promised refunds.

For developers, brokers and sales teams, the message has practical implications.

RERA information, statutory approvals, title documents and payment structures should be readily available to buyers. Brokers should also avoid relying on verbal representations about a project's approvals, possession timelines or transaction terms.

For Mumbai's property industry, where transaction values can be substantial, transparent documentation can increasingly become a differentiator between organised and informal market practices.

The advisory also reinforces the role of brokers in transaction due diligence. Facilitating a deal should include ensuring that buyers have access to relevant project information rather than simply connecting the two parties.

Key takeaway: Clear RERA disclosure, documented payments and transparent transaction records are becoming increasingly important across the property sales process.