Important sections of RERA you should know about. As a potential investor or even someone who is in the real estate market, you should familiarise yourself with all the laws that regulate this industry. Recently, the government of India has enacted a new law RERA that pertains to this sector. Therefore, whether it is one of Aggarsain Aagman : Apartments / Flats in IMT Faridabad or some premium apartment complexes on sale, they have to follow the new RERA guidelines that are laid down by the central government. These guidelines and laws were made to improve transparency and accountability in the sector. Therefore, if you are a home buyer looking for HRH City Vasant Vally : Flats & Apartments in Faridabad or high-end duplexes, you should know some specific sections of this law which are enacted for your benefit.
Dedicated body for redressals One of the clear guidelines of the Real Estate Regulatory Authorities act is that there should be dedicated tribunals in every state as well as the union territory of India. The main job of these tribunals would be to allow the investor to check the project details as well as the potential of the builder before they invest their hard-earned money in buying an apartment. Furthermore, if there is any dispute, then this must be resolved within 60 days from the date when the complaint is filed. All residential, as well as commercial developers, have to register with the RERA and upload the entire project details on the RERA website so that it can be viewed by all the investors.