Real Estate (Regulation & Development) Act has been implemented with the purpose of enhancing transparency and applying a uniform code of conduct for developers across various states. Some highlights of RERA for :-

As the developer will have to disclose the schedule of completion of the project, the buyer can claim refund with interest and compensation in case the project is delayed.

Home buyers have been given the option to approach the consumer court with their grievances which will be a fast track dispute settlement mechanism where appeals will be heard under an adjudicating officer of a rank of District Judge.

Buyers will now be able to take a more informed decision as the developer will have to disclose all important details of the project on the website of RERA. Lending credibility to the project and ensuring transparency

RERA Testimonials