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ABOUT GST MODIFICATION
Transparency in realty projects
The main objective behind the introduction of the RERA Act was to ensure full transparency in the real estate projects.
Full disclosure of project details
Developers having RERA registration has to post all details like project-plan, layout, govt. approvals, etc. which is then passed to buyers.
Prompt complaint management
All complaints or grievances regarding any builder, developer or real estate agents is directly redressed by RERA.
RERA registration covers all commercial & residential projects. Besides, there is separate RERA registration for agents and builders,
No doubt, the RERA registration gives assurance of the credibility of the builder. Generally, buyers prefer to deal with the builders who have RERA registration.
Complete information of Builder
RERA registration allows the buyers or investors of real estate to be able to get full details related to the builders or developers.
WHAT IS ALL ABOUT RERA REGISTRATION?
Real Estate Regulatory Authority (RERA) is an apex regulatory body to control the affairs of Real Estate Industry in India and protect the interests of Real Estate buyers & investors.
The RERA was very recently established on 1st May 2016 after passing of the Real Estate (Regulation and Development) Act, 2016 in the Parliament. the main objective of the RERA Registration is to ensure complete transparency of real estate developers, contractors, builders, agents, brokers & property dealers and to ensure the safety of the investors’ funds.