RERA: A Game Changer for the Indian Real Estate Industry
The Real Estate (Regulation and Development) Act (RERA) of 2016 has revolutionized the Indian real estate sector by introducing transparency, accountability, and fairness. By mandating detailed project disclosures, establishing escrow accounts, standardizing sale agreements, and setting up tribunals for faster dispute resolution, RERA has addressed chronic issues like project delays and fund misappropriation. This landmark legislation has significantly enhanced consumer confidence and transformed the real estate investment landscape into a more trustworthy and consumer-friendly environment.
