
Introduction to RERA
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- January 21, 2024
- Buying Guide, Property, Real Estate
- Introduction to RERA, real estate market, Real Estate Regulatory Authority, RERA
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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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