The official date for UP RERA notification was October 27, 2016 and this Act has been in effect ever since.
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The official date for UP RERA notification was October 27, 2016 and this Act has been in effect ever since.
It aims to protect your interests as a buyer and also those of promoters and real estate agents. In addition, as a buyer you also get access to quicker redressal services courtesy of the RERA Act in UP. It has an established adjudicating body that is specially designed to handle such queries in a speedy and fair manner.
To know all visit: https://www.bajajfinserv.in/insights/rera-uttar-pradesh
The Purpose of ReraAct is:
– To establish the Real Estate Regulatory Authority for regulation and promotion of the Real Estate sector.
– To ensure transparency in projects.
– To protect the interest of consumers in the Real Estate Sector and to establish an adjudicating mechanism for speedy dispute redressal.
– To provide proper information about the Builder.
– Provide recommendations to appropriate Government on in matters relating to the development & promotion of real estate sector;
As the name suggests “Real Estate Regulatory Authority (RERA), its an act lunched in every state of India in 2016 to regulate and monitor if there any dispute in real estate projects. It can adjudicate these cases and boost people of interest in real estate investment.