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Category: Law
The government's real estate regulatory authority is known by the acronym RERA. The government first made it available in 2016. The Real Estate (Regulation and Development) Act of 2016 aims to create transparency in the purchasing and selling of apartments under new construction, therefore regulating and fostering discipline in the real estate sector. The Act's primary goal is to safeguard purchasers' interests and encourage prompt delivery of properties or projects. The Real Estate (Regulation and Development) Act of 2016 (often abbreviated as RERA) was passed to protect home buyers' interests in the nation and establish a regulatory framework for real estate development.
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