RERA for Real Estate Buyers/Consumers

The main aim of Indian Real Estate (Regulation and Development) Act, 2016 (RERA) is to enhance transparency in the real estate related transactions by creating a systematic and a uniform regulatory environment, thereby protecting consumers’ interest and making real estate developers liable for timely completion of projects along with committed specifications, facilities and amenities. The rules of Real Estate (Regulation and development) Act are made to give buyers certain rights that will help in protecting their interests and enhance their trust in the Indian real estate sector.