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Interesting facts about real estate regulations Act

Real Estate Regulations Act (RERA) is the biggest boon for real estate buyers have received. The Government of India is going all guns blazing to emphasize this Act pan India, as early as possible. This will no doubt safeguard a buyer’s interest to a big extent. A buyer in the nearby future will definitely gain confidence before investing in a property. So what are the stand-out points of RERA? Let’s take a look at some of the significant rules which will benefit as a buyer. 1.            The Bill provides for mandatory registration of all projects with the Real Estate Regulatory Authority (RERA) in each State. Real estate agents who intend to sell any plot, apartments or building should also register themselves with this authority.  2.            It makes it mandatory the disclosure of all information for registered projects like details of promoters, layout plan, land status, schedule of execution and status of various approvals. Every project measuring more than 500 squ