RERA registration is required for individuals and companies who acquire and sell properties. Government of India brought out this to strengthen transparency standards in real estate sector. RERA is an act that regulates and promotes the real estate industry in order to ensure that apartments, plots, and buildings are sold in an efficient and transparent manner. The purpose of this Act is to safeguard the interests of consumers. It was enacted by Parliament in May 2016, and all 92 sections of the Act went into effect on May 1, 2017 across India.
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