• RERA has brought about a positive change in every facet of the real estate sector. Here’s how:
• RERA aims to reduce project delays and property fraud. To do so, authorities have made it mandatory for all builders/developers to carry out RERA registration before they start a project.
• RERA has been subdivided into smaller regulatory bodies, each of which looks after the real estate development in a single state or union territory in India.
• RERA rules apply to both residential and commercial properties.
• .The standardisation brought about by RERA aims to protect the interests of buyers and developers alike. •The RERA Act has brought about more accountability and transparency within the real estate industry.

Source : https://www.bajajfinserv.in/insights/know-all-about-rera-act

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