TyTil Realty Services LLP

Real Estate Regulatory Authority The real estate market in India has long been many issues such as delays in possession, poor construction quality, and lack of transparency. For many years, homebuyers faced the daunting challenge of navigating these complexities with limited legal protection. This is where the Real Estate (Regulation and Development) Act, commonly known as RERA , steps in to bring much-needed reform. In this blog, we’ll dive deep into what RERA is , its significance, what consumers and developers need to check under RERA, its state-wise variations, and its broader impact on the real estate industry. 1. What is RERA? RERA is a landmark piece of legislation that came into effect in May 2017, aimed at regulating the real estate sector in India. The Act was introduced to protect the interests of consumers and promote transparency and accountability within the industry. Its primary purpose is to bring greater accountability to real estate developers and agents while o...