What is RERA (Real Estate Regulatory Act)?

seprator_dreamcatchers

 

The Real Estate (Regulation and Development) Act, 2016 introduced with a view to establish regulatory authorities at the state level to register residential real estate projects and seeks to regulate contracts between buyers and sellers in the real estate sector to ensure sale of plot, apartment or building, etc. in an efficient and transparent manner.

It also proposes to ensure greater accountability towards consumers, and significantly reduce frauds and delays as also the current high transaction costs.

By imposing certain responsibilities on purchasers and promoters, it attempts to balance the interest of both. It seeks to establish the following:

  • Ease of information between the Promoter and Purchaser
  • High level of transparency of contractual Conditions
  • Set minimum standards of accountability
  • A fast-track dispute resolution mechanism

How We Do

seprator_dreamcatchers

 

The RERA introduced in 2016 has transformed the Real Estate Landscape. We help you to adapt to this new landscape. By carrying out the entire end to end process efficiently, we make the purchase more hassle-free for you.
With effective three-tiered communication between, we bridge the gap legal authorities for a transparent process thereby achieving satisfactory results.

Why Choose Us

seprator_dreamcatchers

Timely delivery

It has been seen that developers often make false promises about the completion date of the project, but hardly deliver on time. We eradicate this flaw.

Accurate Project Details

In the construction stage, builders promote their projects, defining the various amenities and features. As per this bill, there can’t be any changes to a plan.

Proper Structure

If the buyer finds any structural deficiency in the development of the building, then it is the developer’s responsibility to repair structural defects.

Booking Amount

The amount to be paid by the buyer has been reduced from 20% to 10%, which should be paid only after registering the agreement for sale with the builder.

Enquiry Now!
close slider