AYATI

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Wishing You a Happy Diwali.

RERA: 2

What is the use of RERA?

The main aim of RERA is to provide relief to the buyers from the malpractices of unfair builders. RERA specifies certain norms for building and development of real estate which will enhance the transparency in transactions in the real estate sector.

Is RERA compulsory?

Compulsory registration: According to the central act, every real estate project (where the total area to be developed exceeds 500 sq mtrs or more than 8 apartments is proposed to be developed in any phase), must be registered with its respective state's RERA.

Are RERA projects safe?

When you invest in a project registered with RERA, your rights are protected as a buyer. This will ensure that the money meant for your project is not siphoned off to other projects. 3. Homebuyers will pay only for the carpet area and builders cannot charge for the super built-up area, as was the practice until now.