As far as RERA is concerned, it was much needed. The customer was not happy with the Real Estate industry. Bangalore created a lot of problems for the real estate buyers. Many developers were not able to deliver the houses on time and some were not available to answer some simple queries from its customers. People had put in their hard earned money to buy their dream home. Finally, the authorities stepped forward and the RERA act was created. The major plus point of RERA is its transparency. For the first time in our country, one can think of buying a house and can also know everything about it. The carpet area of the property and the timeline for construction which are the two important basic pieces of information will now be easily available to the buyers. Any developer who doesn’t stand by these rules of transparency will be penalized. Developers who were already stressed before the RERA will now have to escrow money. Some of them are worried as they do not have adequate fun
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