1 / 11

Why RERA is Required in Real Estate

The real estate sector in India has long faced issues like project delays, lack of transparency, and unfair practices by certain developers. Why RERA is required in real estate becomes clear when considering the need to protect homebuyers and bring accountability to the industry. The Real Estate (Regulation and Development) Act, 2016, commonly known as RERA, was introduced to establish a regulatory framework that enforces fair practices, ensures timely delivery, and enhances buyer confidence.

Tabassum7
Download Presentation

Why RERA is Required in Real Estate

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. WHY RERA IS REQUIRED IN REAL ESTATE DEM INFRA Address. Unit - 85 to 89, 4th Floor, Aditya Industrial Estate, Chincholi Bunder Rd, behind Evershine Banquet, Malad, Ram Nagar, Malad West, Mumbai, Maharashtra 400064 Website:deminfra.com

  2. Why RERA is Required in Real Estate The Indian real estate sector has long been criticized for lack of transparency, delayed project deliveries, and limited accountability. To address these issues and bring more discipline into the industry, the government introduced the Real Estate (Regulation and Development) Act, 2016, commonly known as RERA. Why RERA is required in real estate becomes evident when looking at the sector’s need for structured regulations that protect homebuyers and ensure developer accountability.

  3. What is the Purpose of RERA Act? What is the purpose of RERA Act? It was designed to regulate the real estate industry and make the buying and selling process more transparent. By mandating that developers register their projects and disclose essential information such as project layout, delivery timelines, and legal approvals, RERA creates a standardized framework that safeguards buyers' interests.

  4. Why is RERA Registration Important? Why is RERA registration important for developers and agents? It ensures they follow ethical practices and remain accountable to the customers. Without RERA registration, a project cannot be legally marketed or sold. This mandatory compliance helps buyers avoid fraudulent or unregulated schemes and brings legal clarity to transactions.

  5. How RERA Will Benefit Buyers Understanding how RERA will benefit buyers shows its real impact. Homebuyers gain multiple advantages: Transparency: Buyers can view detailed project information online. Protection Against Delays: Developers are legally obligated to complete projects on time or face penalties. Refunds and Compensation: If commitments aren’t met, buyers are entitled to refunds with interest. Fair Practices: Developers can no longer alter plans arbitrarily without buyer consent. These protections make RERA a powerful tool for building trust in the housing market.

  6. How to Check RERA Approved Project With growing awareness about buyer rights and real estate regulations, checking whether a project is RERA-approved has become an essential step before investing in property. The Real Estate (Regulation and Development) Act, 2016 (RERA) was implemented to ensure transparency, protect homebuyers, and bring accountability to the sector. Knowing how to check RERA approved project helps buyers avoid fraud, delays, and unauthorized developments. Whether you're buying a flat in Mumbai or any other part of India, verifying a project’s RERA registration status online ensures you're making a safe and legal investment.

  7. How to Check RERA Approved Project Before purchasing any property in Mumbai, it’s essential to verify whether the project is registered under MahaRERA— the Maharashtra Real Estate Regulatory Authority. This step not only confirms the project’s legality but also ensures that the builder complies with all regulatory guidelines. Checking RERA registered projects in Mumbai helps buyers avoid risks such as project delays, hidden costs, and unapproved developments. With MahaRERA’s online portal, this verification process is simple, transparent, and accessible to everyone.

  8. What is MahaRERA Registration? What is MahaRERA registration? It refers to the registration process under RERA specific to Maharashtra. Developers in Maharashtra must register their projects on the MahaRERA portal. This registration gives homebuyers legal access to verified project details and ensures that developers follow all prescribed regulations.

  9. Conclusion A regulated real estate market is essential for protecting buyers and promoting fair practices. RERA brings accountability, structure, and security into an otherwise unpredictable sector. Understanding how RERA works and how to verify project details through platforms like MahaRERA can help investors and buyers make more confident and informed decisions.

  10. HOW TO FIND US Unit - 85 to 89, 4th Floor, Aditya Industrial Estate, Chincholi Bunder Rd, behind Evershine Banquet, Malad, Ram Nagar, Malad West, Mumbai, Maharashtra 400064

  11. THANK YOU !

More Related