The Real Estate (Regulation and Development) Act, 2016, or RERA, was introduced to bring transparency and accountability to the Indian real estate sector.
What is RERA?
RERA is a central legislation that aims to protect home buyers and boost investment in the real estate industry.
Key Benefits for Buyers
- Standardized Carpet Area: Builders must quote prices based on carpet area, not super built-up area.
- Timely Delivery: Stringent penalties for delays in project completion.
- Right to Information: Developers must share all project details, including layout plans and completion schedules.
- Grievance Redressal: Fast-track dispute resolution mechanism.
How to Check RERA Status
You can verify a project's RERA registration on the official state RERA website by entering the project name or registration number.
