What is RERA ACT and how is it beneficial for homebuyers?
Real estate as a sector was having a lot of loopholes when it came to rules. Using these loopholes, there was a risk for homebuyers and stakeholders whenever investing in property. RERA, also known as the Real Estate Regulatory Authority was brought to existence by the Real Estate Act of 2016 to protect the rights of buyers. The major idea was to mitigate risk and promote real estate investments. Now that we know what RERA act is and why it came into existence, let’s take a look at the key points under it. 4 key points under the RERA Act:…
