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The Indian Parliament passed the historic Real Estate (Regulation and Development) Act, 2016 (RERA) to improve the real estate industry's accountability, efficiency, and transparency. RERA was enacted on May 1, 2016, with the intention of safeguarding homebuyers' interests and promoting real estate industry investments.<br><br><br>
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Real Estate RERA
About RERA The Indian Parliament passed the historic Real Estate (Regulation and Development) Act, 2016 (RERA) to improve the real estate industry's accountability, efficiency, and transparency. RERA was enacted on May 1, 2016, with the intention of safeguarding homebuyers' interests and promoting real estate industry investments.
Impact of RERA Enhanced Transparency: By requiring developers to supply accurate project details and discouraging fraudulent practices, the Act significantly increased transparency. Enhanced Buyer Confidence: As a result of developers' increased accountability and the regulatory oversight afforded by RERA, buyers now possess greater confidence. .
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