The government of India has introduced a game changing reform in the Indian real estate sector known as the Real Estate (Regulation & development) Act (RERA). The primary aim of this Act being to bring about transparency, accountability & further enhance professionalism in the real-estate industry, thus safeguarding the interest of consumers. Most importantly, it brings the entire real estate sector within a regulatory environment, defining the liabilities and liberties of a developer and providing an effective grievance redress mechanism to the buyer.
At APNA RERA, we are committed to spread knowledge about the new law amongst real-estate stakeholders including buyers, developers, agents, architects, chartered accountants etc.
We are proud to launch the Campaign for RERA Awareness in India (CRAI) to create awareness about the RERA Act. This Campaign will empower the consumer while boosting the credibility of developers. We aim to create a common platform for buyers, sellers and intermediaries engaged in the sector, where we will be focused on showcasing relevant and up to date information about the RERA REGISTERED PROJECTS & AGENTS in all Indian states.
Investing in a house is often a very crucial decision, one that takes a lot of thought and planning; for many it involves one’s lifetime savings. It is almost always a leap of faith decision, more so if the developer happens to be a non-compliant player. It is primarily an issue of a roof-over-his-head or a matter of roti, kapda aur makan. Through CRAI it is our sincere effort to bring into spotlight the organized developers of all states who are RERA registered and better-equipped to fulfill the various requirements of the buyers. This will bridge the trust deficit among the consumers along with spreading awareness among property buyers to buy only RERA registered projects.
The Real Estate (Regulation and Development) Act or RERA is a law that seeks to regulate and standardize the real estate sector, where the need for uniform guidelines and transparency has been felt for long.
It regulates many aspects of Real estate and safeguards the interests of the buyers. But, the rules and regulations on papers will not be beneficial to the customers unless and until they are known by the people. Customers need to be aware of the provisions to get the benefits of this Act. We try to give a brief picture of the main advantages of RERA.;
RERA will definitely play an important role in the Indian Real estate sector. It has raised many hopes for the homebuyers. The Act is likely to enhance activity in the real estate sector thus leading to more supply in the market. Eventually the Act will bring-in the much-needed confidence to infuse more investment and, in turn, stabilise house prices.
So let’s join our hands and spread awareness among your friends and relatives to help them understand the Indian real estate sector in an easy way.
An Initiative to make our Indian real estate sector more reliable and transparent for the future generation.
The Real Estate (Regulation & Development Act) popularly known as RERA came into effect on 1st May 2016 after the government of India sought to promote discipline and transparency in the real estate sector of the country.
The government of Uttar Pradesh has notified the UP Real Estate (Regulation & Development) Act (RERA) on 29 October 2016. Counting to regulate the real estate sector in the state
We all have heard a proverb “Tit for Tat” but it seems that this is not true when it comes to the RERA.