What is RERA? How to register in Rera?
What is RERA Registration ? RERA registration is the entry of real estate projects or a real estate agent with Real Estate (Regulation and Development) Act, 2016 (RERA. The RERA has been launched by the Government of India to facilitate transparency, accountability, and efficiency in the real estate sector. Purposes of RERA Registration The following are the core purposes of RERA registration: 1. To secure the rights of homebuyers 2 . For greater transparency between the homebuyers and real estate agents. 3 . The project should be completed in time. 4 . Redressal mechanism of grievances should be available. Who Needs RERA Registration ? 1. Real Estate Developers/PromotersIn case the size of land is above 500 square meters or in case the number of units in a project exceeds eight, then the developer is liable to get that particular project registered under RERA. 2. Real Estate Agents: If an agent engages in the sale/...