RERA: Strengthening Consumer Rights & Transparency in Real Estate
The Real Estate (Regulation and Development) Act, 2016 (RERA) has transformed the real estate sector by ensuring transparency, financial discipline, and timely project delivery. Key Takeaways:a. Mandatory project registration for better buyer protectionb. 70% of funds secured in escrow accounts to prevent misusec. Compensation for delays and fast-track dispute resolutiond. Judicial backing ensuring compliance and […]