notwithstanding rera homebuyers must continue to champion their own interestsa paradigm shift has taken place in indias real estate industry with the implementation of rerahowever the impact of the legislation lies in its implementation twelve months into its introduction rera remains a work in progressa recent survey on our platform showed that 74 of homebuyers did not know that it is mandatory to check if the project is registered with the state rera and second how to go about checking it on the rera websitewhile implementation calls for much more to be done rera has injected the muchneeded transparency in the industry the homebuyer is now more aware and developers more cautiouswhile rera has given a confidence boost homebuyers continue to face some challenges as the industry goes through a transformative phase in this context homebuyers must champion their own rights and should know a few things to protect their interestswhat happens if you have invested in a property for capital appreciation but the value hasnt gone up at all since the time of investmentbuyers must step forwardtypically indian residential market has a bull cycle of about four to five years followed by a two to threeyear bear cycle factors that affect pricing are demandsupply mismatches inventory overhang incomehousing price ratios and underlying economic growtha property investor must gauge these factors at a micromarket level and make an assessment on the current health as well as outlook of the market and of course consider the need for liquidity and alternative sources of investment availablegiven the circumstances if the outlook for the market remains weak and there are alternative sources of better investments one could exit by treating this investment as a sunk cost if the outlook on the other hand is positive or at least better than alternative sources of investment stay investeda house you bought was supposed to have been delivered three years ago should one claim the investment back with interest or should one wait for deliverythere are various projects especially in the ncr which are stuck due to various reasons in case of delay in delivery of possession there are multiple legal options available to the buyerif the property was bought for selfuse one may want to wait for delivery given that every project has a clear timeline now under reraadditionally recent developments at various courts and government bodies indicate that if homebuyers come forward as a group the matters can be resolved faster and to the advantage of buyers in such cases the regulator will ensure that an escrow account is created and money is deposited in the account which will be jointly monitored by representatives of homebuyers and the developer it will also ensure that the money is spent only on the construction of the buildingwhat if your developer is refusing to register the project under rerathe buyer can write to rera with substantial proof of the property and say that the builder is not registering the project under rerathe state rera would then ask