RERA Registration
The Real Estate Regulatory Authority, or RERA Act was formed to make the real estate industry more transparent while addressing the existing discrepancies and issues. It has played a tremendous role in transforming the sector by making it more accountable to buyers.
For customers to make the most of the benefits offered by RERA, it’s important to understand the key differences between the terms “RERA Registered” and “RERA Approved” because although the two terms sound familiar, there is a fine yet crucial difference between them.
Read along to find out what they are and how you can use this knowledge to have a secure home-buying journey.
With a vision to create transparency in the real-estate business, the Government of India enacted the Real Estate Regulatory Authority (RERA) in 2016. The Act focuses on promoting transparency, accountability, and efficiency in every real estate transaction by ensuring fair practices, timely transfer of ownership, and working as a dispute resolution authority.