RERA - Real Estate Regulation Act (English/Hindi)

RERA - Loi 2016 Immobilier (règlement et développement) avec les règles d'État et FAQ

This App brings details on RERA or Real Estate (Regulation and Development) Act, 2016 which came into force in India on 1st May, 2016. Every State Government required to pass their own real etstae Act for application of the provisions of the Act in that state. RERA is a consumer centric regulation to protect consumers interest and curb fraudulent real estate developers. This landmark regulation has the following objectives:

a) ensure accountability towards allottees and protect their interest;

b) infuse transparency, ensure fair-play and reduce frauds & delays;

c) introduce professionalism and pan India standardization;

d) establish symmetry of information between the promoter and allottee;

e) imposing certain responsibilities on both promoter and allottees;

f) establish regulatory oversight mechanism to enforce contracts;

g) establish fast- track dispute resolution mechanism;

h) promote good governance in the sector which in turn would create investor confidence.

In this app you can read the entire law relating to RERA, RERA FAQ, State regulations and other important Acts in India.