The Real Estate (Regulation and Development) Act, 2016 (RERA) is effective from May 1, 2017, and covers all the residential and commercial projects in every state. RERA is aimed to protect the interest of consumers, promote fair play in real estate transactions and to ensure timely execution of projects. Read on to find out the developments around RERA and how it will impact you as a buyer of a real estate property.
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