RERA registration stands for Real Estate Regulatory Authority, it has been playing vital role in the real estate sector. It is a necessary aspect of real estate business, way back when homebuyers and investors used to face hardships in the real estate sector before RERA introduction. After that, RERA came in existence to address and resolve all the existing issues.
RERA registration was introduced with the primary objective to bring transparency, accountability and efficiency in the real estate industry by regulating the real estate sector transactions, projects and developers. If you are the one, who is seeking for RERA registration fees, process, eligibility and more details, this is right blog to get all insights about RERA, so let’s get started.
RERA also establishes the mechanisms for addressing disputes between the developers and buyers, providing a forum for grievances to be resolved in a timely and transparent manner. Overall, RERA registration has significantly improved the functioning of the real estate sector by fostering the trust and confidence among the homebuyers and investors, promoting the fair competition and enhancing the accountability among developers.
The registration is enforced at State Level, therefore authorities are liable for the implementation of RERA registration as follows:-
- Registration and necessary approvals for the commercial properties and residential flats under RERA.
- Regulation of sale and purchase transaction in real estate properties.
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