Why RERA Registration is Your Safety Net, While Buying a New House
Introduction:
Buying a home is a significant financial decision, and it's crucial to be well-informed about the legalities involved. In India, the Real Estate (Regulation and Development) Act, 2016 (RERA) plays a vital role in protecting buyers' interests. This article will delve into the importance of verifying RERA registration for both developers and agents before making a purchase.
Why RERA Registration Matters:
Transparency and Accountability: RERA mandates developers to register their projects and provide detailed information about the project, including plans, approvals, and timelines. This transparency ensures buyers are aware of what they are investing in.
Protection Against Fraud: RERA aims to curb fraudulent activities in the real estate sector. By verifying registra...