What is RERA Act ? RERA in Hindi | RERA Kya hota hai | रेरा क्या होता है | M-Sanvi Real Estate

What is RERA Act ? RERA in Hindi | RERA Kya hota hai | रेरा क्या होता है | M-Sanvi Real Estate What is the Real Estate (Regulation and Development) Act, 2016 (RERA)? RERA is a significant law enacted in India to regulate the real estate sector. Its primary purpose is to protect the interests of property buyers and ensure transparency and accountability among developers and real estate agents. Key Provisions of RERA: Project Registration: All new and ongoing real estate projects must be mandatorily registered with RERA. Information Disclosure: Developers are obligated to provide buyers with all crucial project information, such as land approvals, financial status, and timelines. Agreements: Contracts between developers and buyers must be based on the model agreement prescribed by RERA. Payment Plans: Developers need to follow a transparent payment schedule for accepting payments in installments from buyers. Adjudicating Authorities: RERA establishes adjudicating authorities to resolve disputes arising between buyers and developers. Benefits of RERA: Enhanced Buyer Protection: RERA safeguards buyers from fraud and unethical business practices. Transparency: RERA introduces transparency in the real estate sector, empowering buyers to make informed decisions. Accountability: RERA holds developers and real estate agents accountable. Timely Project Completion: RERA incentivizes developers to complete projects on schedule. M-Sanvi Real Estate and RERA: M-Sanvi Real Estate is a reputable real estate agency that adheres to all RERA regulations. We are committed to providing our clients with transparent, accountable, and ethical services. We ensure that all projects we list are registered with RERA and possess the necessary approvals. Considering buying, selling, or renting a property in Delhi? Contact M-Sanvi Real Estate. We'll help you find the perfect solution for your real estate needs. Contact us today, and let M-Sanvi Real Estate turn your dream home into a reality. Your dream, our expertise! #rera #reraregistered #reraapproved #short