What is RERA and How Does It Protect Home Buyers?
Автор: PropBuynsell
Загружено: 2024-05-23
Просмотров: 11
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RERA stands for the Real Estate (Regulation and Development) Act, 2016, an Indian law that seeks to safeguard buyers of residential property and encourage greater investment in real estate.
Consumer Protection: RERA Shields Home Buyers
RERA mandates full project details before sales, ensuring transparency
RERA is a law designed to protect home buyers and promote transparency in the real estate sector.
It requires developers to register their projects with the Real Estate Regulatory Authority before selling."
"Here's how RERA protects you:
Developers must share all project details, like completion dates and layout plans.
If a project is delayed, buyers get their money back with interest.
Builders must fix any structural defects for up to 5 years.
Developers can't ask for more than 10% of the property's cost as an advance before signing a sale agreement."
"RERA is here to make sure your home buying experience is safe and transparent. Always check if your project is RERA-registered before investing
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