RERA Manual

On May 1, 2017, the Real Estate (Regulation and Development) Act, 2016 (RERA) went into effect all over the country. The goal of the Act is to make real estate transactions clear and to make the unregulated sector a more reliable way to invest. It also wants to make people more responsible, cut down on fraud, and keep the huge costs of transactions under control. The Central government made the RERA rules for the six Union Territories (UTs), and the States just copied them with a few changes.