RERA Revolution: Transforming the Indian Real Estate Landscape
AdvantageInfra123
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AdvantageInfra123
Ongoing, First published Jan 05, 2024
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The challenges faced by homebuyers due to opaque practices, delayed projects, and unfulfilled promises within the real estate sector led to the genesis of RERA. The Act, enacted on May 1, 2017, was a response to these issues, aiming to bring about a paradigm shift in the functioning of the real estate market in India.

One of the primary objectives of RERA was to introduce transparency and accountability into the real estate sector. RERA requires developers to register their projects with the regulatory authority, providing detailed information about the project's progress, financials, and timelines.This transparency empowers homebuyers with crucial information, enabling them to make informed decisions.
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