All about RERA

Implemented across the nation on 1 May 2017 RERA (Real Estate Regulation and Development) Act, 2016 aims to inculcate transparency in the domain of real estate to enhance its credibility that was otherwise an unregulated sector. RERA aims to reduce fraudulent practices by establishing greater accountability while emphasizing on keeping the inflated transaction costs under control. The complaint applications can be filed both online and offline, in a format set by the Appellate Tribunal. The complainant must provide the information of the applicant and the respondent, information about the project (Registration number and address), summary or statement of complaint, facts and other grounds of claim and the details of any reliefs and interim reliefs sought in the past.

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