Amit Bhattacharjee & Associates: RERA Registration

The Real Estate Regulatory and Development Act (RERA) was implemented on 1st May 2017, to regulate the real estate sector of India. RERA, 2017 has shaped the total regulation of the activities of the builders and has also empowered the buyers regarding the real estate regulations. Under the Real Estate Regulatory Act, 2016, every builder & promoter has to mandatorily register their real estate projects under RERA to purchase, sell, advertise, market or book. RERA Registration ensures the effective and transparent regulation of the contract between the purchaser and seller of the plot, apartment, or building. Furthermore, it aims to ascertain the higher responsibility towards the clients and lessen up the delays, fraudulent acts & high transaction costs.