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All you need to know about RERA

The Real Estate (Regulation and Development) Act 2016, known as RERA too, was enacted on 26th March 2016 while all its provisions were effected from 1st May 2017. The Act has been brought in to protect the home buyer’s interests and bring about greater transparency in the real estate industry. Developers are required to register their projects under this act and Real Estate Agents have to register their businesses. The process of registration for real estate agents is currently on going while developers were given the deadline of 31st July 2017, failing with a 10% penalty will be slapped.


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