RERA or the Real Estate Regulatory Authority is the nodal
Government of India enacted the Real Estate (Regulation and Development) Act 2016 which came into force with effect from May 1, 2017. The key objectives of the Act are:
> Ensuring Transparency & Efficiency in real estate sector in regards to sale of plot, apartment, building or real estate project.
> Protecting the interest of consumers in real estate sector
> Establishing adjudicating mechanism for speedy dispute redressal
> Establishing Appellate Tribunal to hear appeals from the decisions, directions or orders of the Real Estate Regulatory Authority.