Why is RERA Registration a Revolutionary Step
The real estate sector was largely unregulated in India before the introduction of RERA. With a view to organize, regulate and promote this sector Real Estate Regulatory Authority (RERA) was established as per the Real Estate (Regulation & Development) Act, 2016. The objectives for introduction of RERA are: - To organize the real estate sector - To boost investment in real estate sector by making it more lucrative through proper regulations. - Protection of investors - Safeguarding the interests of buyers Registration under RERA is mandatory for every party involved in real estate sector. RERA registration involves: · Project Registration · Agent Registration Main features of RERA: 1. The mos...