For years, transparency and reliability in the real estate market have been matters of concern for homebuyers. Thus, in 2016, was introduced the RERA Act i.e. the Real Estate (Regulation and Development) Act by the Government of India to bring a paradigm shift in the way the real estate industry functioned. RERA, since its inception, ensures that projects are lawfully registered with the regulatory authorities, accountability is tracked, unfair practices are curbed, grievance redressal is easy and timely, project delivery is within committed timelines, real estate prices are monitored etc.; all of which help to build homebuyer confidence. As a homebuyer, KnowHome experts recommend knowing all about RERA to ascertain your prized asset is secure and rightfully and effortlessly yours.
