- Mandatory Registration: Projects must be registered before advertising/selling.
- Public Disclosures: Buyers get informed decisions with project/promoter details and timelines.
- Standardization: Clear definitions (e.g., ‘carpet area’) prevent biased classifications.
- Ring-fencing of Funds: 70% of consumer money used only for project costs, preventing diversion.
- Project Sanctity: Promoters cannot alter plans without buyer consent.
- Legal Recourse: Provides time-bound resolution of complaints and disputes.
- Refund/Compensation: Ensures refund with interest/compensation for promoter’s failure or breach.
- Penalties: Imposes penalties on promoters for irregularities.