What is the RERA and about working?

Question

Accepted Answer

RERA stands for Real Estate Regulatory Authority. It is a regulatory body that oversees the real estate sector in India.

RERA was established in 2016 to protect homebuyers and promote transparency in the real estate sector.
It mandates that all real estate projects must be registered with the authority and provides a platform for buyers to file complaints.
RERA also ensures that developers adhere to project timelines and quality standards.
The authority has the power to impose penalties and even revoke a project's registration if necessary.
RERA has been instrumental in bringing about positive changes in the real estate sector, making it more buyer-friendly and transparent.

Accepted Answer

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