Of Law & Legal

Real Estate Act & Real Estate Regulation Authority (RERA) – Why Is RERA Needed?

Published

6 years ago

August 27, 2020

/home2/newsvdw7/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 117
https://www.newsviewsnetwork.com/real-estate-regulation-authority-rera/&t=
Warning: Undefined variable $post in /home2/newsvdw7/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 117

Warning: Attempt to read property "ID" on null in /home2/newsvdw7/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 117
Real Estate Act & Real Estate Regulation Authority (RERA) – Why Is RERA Needed?', 'facebookShare', 'width=626,height=436'); return false;" title="Share on Facebook">

/home2/newsvdw7/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 120
Real Estate Act & Real Estate Regulation Authority (RERA) – Why Is RERA Needed? &url=
Warning: Undefined variable $post in /home2/newsvdw7/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 120

Warning: Attempt to read property "ID" on null in /home2/newsvdw7/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 120
https://www.newsviewsnetwork.com/real-estate-regulation-authority-rera/', 'twitterShare', 'width=626,height=436'); return false;" title="Tweet This Post">

/home2/newsvdw7/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 123
https://www.newsviewsnetwork.com/real-estate-regulation-authority-rera/&media=
Warning: Undefined variable $post in /home2/newsvdw7/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 123

Warning: Attempt to read property "ID" on null in /home2/newsvdw7/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 123
https://www.newsviewsnetwork.com/wp-content/uploads/RERA-1.jpg&description=
Warning: Undefined variable $post in /home2/newsvdw7/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 123

Warning: Attempt to read property "ID" on null in /home2/newsvdw7/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 123
Real Estate Act & Real Estate Regulation Authority (RERA) – Why Is RERA Needed?', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">

/home2/newsvdw7/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 126
Real Estate Act & Real Estate Regulation Authority (RERA) – Why Is RERA Needed?&BODY=I found this article interesting and thought of sharing it with you. Check it out:
Warning: Undefined variable $post in /home2/newsvdw7/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 126

Warning: Attempt to read property "ID" on null in /home2/newsvdw7/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 126
https://www.newsviewsnetwork.com/real-estate-regulation-authority-rera/">

Read Time: < 1 minute

What Is Real Estate Act?

Real Estate (Regulation and Development) Act, 2016 was given assent on March 25, 2016, from the President of India and came into force in May 2017.

The Act was enacted with a view to establishing an Authority for regulation and promotion of the real estate sector in India.

What Is Real Estate Regulation Authority (RERA)? Why Is RERA (Real Estate Regulatory Authority) Needed?

The Act under Section 3 mandates prior registration of real estate projects with the Real Estate Regulation Authority (RERA). Rera is needed for transparency in the real estate industry.

It was brought to action to eradicate the existing discrepancies and problems within the sector. With RERA, every builder or developer is required to inform home-buyers about the progress of construction, offer the keys to their property by the mentioned date, and abide by every rule outlined by RERA.