My name is shivam sinha this is for the testing purpose
11 Feb, 2023
The Real Estate business is in high demand! Common people invest a huge lot of money in real estate for getting their dream house. The real estate affairs are regulated under the Real Estate Regulatory Authority (RERA) Act, 2016.
RERA stands for Real Estate Regulatory Authority which came into effect as per the Real Estate (Regulation and Development) Act, 2016. This Act aims to protect the home purchasers and consumers against any form of unfair means or malpractices by the realtors. This also boosts real estate investments. The Act was passed in the Parliament on March 10th, 2016 by the Rajya Sabha and came into effect from May 1st.
RERA has provided many benefits for the buyer, the promoter, and the real estate agent. These include:
After the Real Estate (Regulation and Development) Act, 2016 the registration and other formalities have become easier and simpler. Fewer projects are launched because builders cannot start multiple projects at a time. Dishonest builders will fail to sustain under the RERA regulations.
The implementation of RERA will be effective in the long run as it will strengthen the trust bridge between the builders and customers.
My name is shivam sinha this is for the testing purpose
11 Feb, 2023
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