RERA: Protecting Real Estate Buyers with Castler
Secure and transparent environment for your real estate transaction
Welcome to Castler, India's largest escrow platform that fully supports and adheres to the principles of RERA (Real Estate Regulatory Authority). RERA is a significant regulatory framework in India aimed at protecting the interests of real estate buyers and promoting transparency and accountability within the real estate sector.
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Our Backers
India’s largest Digital Escrow Platform
Hall of Fame
Hall of Fame
Top 5 Fintech Awards 2023
Top 3 IAMAI Digital Awards 2023
Finalists Mint Startup ICON 2023
Finalist Young Enterprise 2022
Top 10 GFF Product Showcase 2022
Top 5 Fintech awards 2022
Key Features and Benefits of RERA
Consumer protection through fair practices and transparent information
Registration of projects and agents to ensure reliability
Escrow account management for secure fund utilization
Timely delivery of projects as mandated by RERA
Effective dispute resolution mechanisms for conflict resolution
B2B, B2C, and C2C marketplaces require a secure and reliable payment processing system. As a digital escrow service provider, your platform should ensure safe and fast payments between buyers and sellers.
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Securing Your Shares with Castler – A Step-by-Step Guide
Identify Your Shares
Choose the shares you want to place in escrow.
Submit Your Shares & funds
: Entrust us with your shares & funds. We guarantee secure storage until the escrow conditions are met.
Create Your Account
Reach out to our Escrow experts and they will help you to create an escrow order. This order will detail the specifics of the transaction, such as the shares description, conditions for release, and parties involved.
Release of Shares
Upon the fulfilment of the specified conditions, the shares & funds are released to the designated party, with Castler keeping you informed every step of the way.
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Castler's Commitment To Global Excellence
Why Choose Castler for RERA-compliant Transactions
- Castler, India's largest escrow platform, ensures compliance with RERA guidelines : Castler actively aligns itself with RERA principles and guidelines, providing a secure and compliant platform for real estate transactions.
- Collaborates with banks for secure transactions : Castler has partnered with banks for managing the RERA account, ensuring that buyers' investments are protected and utilized for the intended purposes.
- Safeguards buyers' investments and ensures funds are used appropriately : Castler's involvement as an escrow platform ensures the secure management and utilization of funds, minimizing the risk of misuse and providing peace of mind to buyers.
- Streamlines payment processes and promotes trust between buyers and developers : Castler's robust technology streamlines the payment process, facilitating secure transactions and promoting trust and transparency between buyers and developers.
- Experience a seamless, secure, and transparent real estate journey with Castler : Choosing Castler for RERA-compliant transactions guarantees a seamless, secure, and transparent real estate experience, with the assurance that your interests are protected.
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Impact of RERA
RERA has brought significant positive changes to the real estate sector
Since the implementation of RERA, the real estate industry has witnessed several positive transformations benefiting homebuyers and developers alike.
Increased transparency and disclosure of project details
RERA mandates developers to provide accurate and transparent information, enabling buyers to make well-informed decisions based on reliable data.
Improved buyer confidence and trust in developers
RERA's stringent regulations and accountability measures have instilled confidence and trust among buyers, knowing that their interests are protected.
Reduction in project delays and deviations from promised specifications
With RERA's strict guidelines and penalties for non-compliance, project delays and deviations from promised specifications to have significantly reduced, ensuring a smoother experience for homebuyers.
Enhanced accountability and legal framework for dispute resolution
RERA's establishment of an adjudicating authority and real estate appellate tribunal has provided a structured mechanism for resolving disputes, promoting fair and timely resolutions.
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The Need for RERA
Unfair practices and uncertainties faced by homebuyers prior to RERA
- Prior to the implementation of RERA, homebuyers often encountered unfair practices such as misleading advertisements, incomplete information, and non-disclosure of vital project details.
- Buyers faced uncertainties regarding project timelines, possession dates, and the quality of construction, leading to a lack of trust and confidence in the real estate sector.
Project delays and deviations from promised specifications
- Homebuyers frequently experienced delays in project completion, causing inconvenience and financial strain.
- Developers sometimes deviated from the promised specifications, leading to compromised quality and dissatisfaction among buyers.
Lack of regulations and accountability within the real estate sector
- The absence of comprehensive regulations resulted in a lack of accountability among developers.
- Buyers had limited avenues for seeking remedies in case of project delays, fraud, or other unfair practices.
RERA formulated to address these challenges and protect buyers' interests
- Recognizing the need for a robust regulatory framework, RERA was introduced to protect the interests of homebuyers and create a transparent and accountable real estate sector.
- RERA aims to establish fair practices, enforce timely project delivery, and ensure transparency in all real estate transactions.
Castler recognizes the importance of RERA in establishing trust and transparency
- As India's largest escrow platform, Castler acknowledges the significance of RERA in building trust between buyers and developers.
- By actively supporting and adhering to RERA principles, Castler ensures that real estate transactions on its platform are secure, transparent, and compliant with the regulations set by RERA.
