The Real Estate (Regulation and Development) Act (RERA) was passed by Rajya Sabha in 2016 and has been implemented from May 2017. RERA is designed to benefit the real estate buyers who are constantly dealing with lack of transparency or lack of amenities promised while finalizing the offer.
With RERA a reality, finally, buyers can take a breath of relief. Prior to the same, it was extremely difficult for buyers to get a property with ease and chances of being duped were high.