RERA, 2016: 2 Years Down the Lane

It’s been 2 years since the RERA (Regulation & Development) act came into existence to root out the involvement of Black Money in the property buying process. RERA is an act of parliament and accounts for transparent flow of money in the system. It protects the rights of home buyers and strengthens the investment policies in the real estate industry. Residential and Commercial projects with a land area above 500 sq meters or more than 8 apartments need registration with RERA for launching ne...