Introduction to RERA

Introduction to RERA

In 2016, the government enacted The Real Estate (Regulation and Development) Act, commonly known as RERA, that came to be implemented in May 2017 all over India. Its purpose is to encourage and develop the real estate sector while also protecting the interests of home buyers, bringing every activity of the buyer and the seller under one regulatory central and standardised legislation. RERA was established to do away with project delays, malpractice, irregularities in norms and increase transparency and accountability from builders and homebuyers both.

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