RERA (Real Estate (Regulation and Development) Act)

The Real Estate (Regulation and Development) Act, or RERA, is a law in India designed to bring transparency, accountability, and fairness to the real estate sector. It establishes a regulatory authority to oversee project approvals, timelines, and seller-buyer relationships. RERA mandates developers to register projects, disclose accurate information, and deliver properties as promised. This protects buyers from fraud and delays, ensures quality standards, and promotes responsible development. Overall, RERA aims to create a more trustworthy and efficient real estate market for all stakeholders.