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Cost-effective efficiency and timeliness
T&C*Terms & Condition*
- Total payment may vary depending on government fees and the entity of the company.
- Downtime on the government portal may cause work delays.
- Documents should be appropriate as per the requirements.
- Documents must be provided in time to avoid delay.
- Professional and experienced team
RERA License
RERA, or the Real Estate (Regulation and Development) Act, is crucial for the real estate sector. It safeguards the interests of homebuyers, promotes transparency, and ensures accountability in the real estate industry. RERA establishes a regulatory framework, addressing issues like project delays, quality, and fair practices, enhancing consumer confidence and fostering a more organized and reliable real estate market
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A RERA (Real Estate Regulatory Authority) license is a mandatory registration required for real estate developers and agents involved in the sale or promotion of residential and commercial projects in India. The Real Estate (Regulation and Development) Act, 2016 mandates developers to obtain RERA registration for their projects to ensure transparency, accountability, and protection of buyers' interests.
A RERA license signifies compliance with the provisions of the Real Estate (Regulation and Development) Act, 2016, and its rules and regulations. It involves submitting project details, including land title, approvals, timelines, and financial details, to the respective state's RERA authority for scrutiny and registration. RERA registration ensures that developers adhere to standards of construction quality, project completion timelines, and fair business practices.
For developers, a RERA license enhances credibility and trust among prospective buyers by demonstrating transparency and compliance with regulatory norms. It promotes accountability and protects buyers' interests by ensuring timely delivery of projects and resolving disputes through the RERA authority's grievance redressal mechanism. For buyers, RERA registration provides assurance of investing in a regulated and transparent real estate market, reducing the risks associated with fraudulent practices and delayed projects.
Operating without a RERA license can lead to legal consequences, including penalties, fines, and sanctions, imposed by the RERA authority for non-compliance with regulatory requirements. Developers without RERA registration may face challenges in selling their projects as buyers prefer properties registered under RERA for the protection it offers. Moreover, non-compliance with RERA norms undermines the objective of consumer protection and transparency in the real estate sector, potentially eroding trust in the industry.
