Rera act: The landmark legislation Real Estate (Regulation and

The landmark legislation Real Estate (Regulation and Development) Act , 2016 (RERA), marking the beginning of a new era in the Indian real estate sector and a step towards reforming the real estate sector in India, encouraging greater transparency, citizen centricity, accountability and financial discipline. Summary: The Real Estate (Regulation and Development) Act , 2016 ( RERA ) was enacted to regulate and promote transparency in India’s real estate sector. It mandates the registration of real estate projects and agents at the state level, ensuring accountability and safeguarding consumer interests ... RERA Act 2016 is a law that regulates the real estate sector in India and protects the interests of buyers and developers. It establishes common guidelines, disclosure norms, penalties and compensation for timely delivery of projects. It also requires developers to maintain an escrow account for project funds. What is RERA Act 2016 - Real Estate Regulation & Development, Goals and Impact The Real Estate Regulatory Authority (RERA) monitors the real estate sector in India. In 2016, the RERA Act was established to promote home buyers' interests and give a boost to this sector. Find out what is RERA Act 2016, its benefits, how to register and more.