Major facts about the RERA
Real Estate Regulation Act is applied on the real estate market in India and sooner or later each builder is getting registered with it. Within no time the rule has empowered customers and also developed equal business track for the builders. Various rumors were made before the rule was under approval but with its implementation last month everything got cleared. As per RERA, every state along with the Union Territories will have its own operator and specified rules to control the functionality of the regulator. People are still unable to understand the act fully and for this we have drafted some major points to make the vision on this act bit clearer.
The Real Estate Regulatory Act is a platform, where both the builders and investors can work in coordination, without the risk of being cheated and awareness of the act before its implementation is mandatory for the success.