As of August 2019, 43,000+ housing projects have been registered with the RERA Act across India. This Act is in accordance with the real estate reforms to lend in transparency in this sector. RERA body was launched with an aim that it would assist the implementation of rules and regulations in the real estate market. Such initiatives on behalf of the Central Government and its … Continue reading How Can Property Buyers Benefit From The RERA Act?
The RERA (Real Estate Regulatory Authority) was passed by the Parliament of India in May 2016, to facilitate transparency in the real estate sector of the country. The act aims to benefit home buyers, builders, developers, brokers, and stakeholders.
RERA Act functions in every state of India, each having its separate regulatory body, such as RERA Delhi, RERA Punjab, RERA Karnataka, and so on. The equivalent existing in Maharashtra is MahaRERA Act.
RERA Act Motives
As per the Real Estate Act 2016, every developers and builder must follow certain guidelines and rules in favour of the home buyers. This has been done to protect the interests of the buyers and also to boost the real estate sector. Under the RERA act different states has to follow the policies regarding the real estate projects. One such state is Maharashtra and their … Continue reading What You Must Know About The Focus Of MahaRERA?