RERA Registration in India, Eligibility and Process
The Government of India introduced the RERA Registration in 2016 to increase transparency in real estate dealings. This Act clarified the requirements of the buyers, sellers, and real estate agents. All the individuals and companies associated with buying and selling property must acquire RERA registration. The implementation of this Act was done as there was no transparency in the real estate business; the authorities such as SEBI, IRDAI, and TRAI were also not involved in the Real Estate Business, resulting in many discrepancies.
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