The Main Features of the Real Estate Regulatory Act

India has a very huge population with demands regarding house, jobs and food. These demands never seem to decrease. Housing is one of the greatest demands of the people in India. This is the main reason why people especially the ones coming from the middle class get attracted to almost any real estate project. Most of the times people fall prey to scheming real estate agents who use unethical manner for selling their units. Therefore, the Government of India came up with a transparent authority for checking the developers and this was called RERA India.

What is RERA?

RERA India stands for Real Estate Regulatory Authority passed in the month of March 2016 by the Indian parliament. The authority takes care of the Real Estate Regulatory Act dealing with all the provisions, problems and issues in the real estate market of India. There is also a Real Estate Regulatory Act India Discussion Board that works out matters or problems pertaining to the act.

The Work Procedure of RERA.

RERA For Buyers works towards bringing justice for the buyers by framing some strict policies that need to be fulfilled by the builders or the developers before they sell of their properties. Delayed possession of properties is one major problem faced by people in India. Therefore, RERA works towards helping people by chucking out the discipline and the transparency that the builders need to follow. The Real Estate Regulatory Act India Discussion Board that works on the Real Estate Regulatory Act will check the under-construction property assignments thoroughly. It will do this because maximum swindling is carried out in this stage of property development. RERA is the first of its kind real estate authority with the sole purpose of channelizing the people who are into the real estate market.

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RERA India Works towards Safeguarding the Interests of the Home Buyers

In the last few decades, there are a number of problems that have arisen in the real estate market of India. There are many real estate builders and developers who are behind bars because of fraudulent activities. These cheating cases are of delayed possession of the residential projects, plan changes and extra charges or hidden costs that the buyers were not aware of. Hence, RERA India came into effect.

Problems Faced by Buyers and Promoters

This act helps the middle class people who face real estate irregularities and problems. The home buying problems are many for the people in India. Apart from this, the developers also need to face great difficulties. The promoters also face major difficulties like ever-rising corruption and project approval.

What does the Real Estate Regulatory Authority in India do?

meraRERA Property Legal Solution works towards solving the problems of the developers, builders, promoters and most importantly the buyers. This Real Estate Regulatory Authority has been incorporated for the benefit of the people of India. The Real Estate Regulatory Authority guides the real estate agents, promoters and buyers on how they can effectively contribute towards serving the real estate marketing in the best way possible. It helps in bringing transparency and stability in the real estate market.

What do the RERA Consultants do?

The RERA consultants are aimed towards offering good help to the real estate agents, promoters and buyers regarding the all new Real Estate Regulatory and Authority. These consultants are very well aware of the power of synchronization of the real estate agents, buyers and promoters. They make proper arrangements for this synchronization making sure that none of these suffer because of the defaults of others. The consultants are adept at educating promoters and buyers about the strict rules pertaining to the sell and purchase of property in India.

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