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Aman Taneja & Associates

RERA (Regulation and Development Act)

RERA (Regulation and Development Act)

The Real Estate (Regulation and Development) Act establishes a regulatory framework for India's real estate sector, ensuring transparency and accountability. This comprehensive legislation protects homebuyers' interests by mandating project registration, standardizing agreements, and establishing regulatory authorities to address grievances. RERA imposes strict penalties on developers for violations, significantly transforming industry practices and consumer protection standards.

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