#RERACompliance

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RERA Registration

The Real Estate (Regulation and Development) Act, 2016 provides for establishing regulatory authorities at the state level to register residential real estate projects and seeks to regulate contracts between buyers and sellers in the real estate sector to ensure the sale of plots, apartments, or building, etc. in an efficient and transparent manner. It also proposes to ensure greater accountability towards consumers, and significantly reduce frauds and delays as also the current high transaction costs.

By imposing certain responsibilities on consumers and promoters, it attempts to balance the interests of both. It seeks to establish ease of information between the promoter and purchaser, a high level of transparency of contractual conditions, set minimum standards of accountability, and a fast-track dispute resolution mechanism. (Read More)

*If you want to know about EPR Registration_ click here

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