Know RERA ACT
The Real Estate (Regulations and Development) Act, popularly referred to as the RERA Act of 2016, is said to bring about a sense of clarity and order to the Indian Real Estate sector. The Act has defined a set of stringent norms for the real estate developer, the intermediary, as well as the consumer. There is conflict among how people perceive the impact of the RERA ACT – some are concerned about the likely increase in cost of construction and compliance, while others are optimistic about the results of the Act. In order to help you form your own opinion on the topic, we give you a simplified version of what you need to know about the RERA Act, and how it affects you. Watch our video on the RERA Act for a quick overview.