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What is RERA? And keys steps to procure RERA registration

  • Jul 5, 2024

What is RERA? And keys steps to procure RERA registration

The Real Estate (Regulation and Development) Act, 2016 (RERA) remains the cornerstone of India’s real estate regulatory system, aimed at protecting home buyers and promoting transparency Understanding its nuances and ensuring compliance is crucial for real estate agents as well. In this blog post, we will explore what is RERA? and how stakeholders can best meet its procurement and compliance requirements

What is RERA? And keys steps to procure RERA registration

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What is RERA?

RERA was formed to bring transparency, accountability and efficiency in the real estate sector. It also requires state regulators to register real estate brokers and agents. Key objectives include protecting the interests of homebuyers, ensuring timely completion of projects, and building investor confidence through greater transparency

Key Steps to Procure RERA Registration

  1. Preparation Phase:
    • Documentation: Gather all necessary documents, including project details, approvals, layout plans, and financial statements.
    • Compliance Check: Ensure the project complies with all local regulations and building norms.
  2. Application Submission:
    • Online Portal: Submit the application through the respective state's RERA website.