Understanding RERA Act and RERA Rules - What is RERA Full Form

The Indian Parliament passed the Real Estate (Regulation and Development) Act 2016 to streamline the blooming real estate industry and make the property buying and selling process smooth, transparent and integral. The purpose of the RERA Act is to uphold the rights and liabilities of buyers and builders across all states of the country. The RERA Act is effective on and from 1 May, 2016 and comprises 10 chapters, which are further classified into 92 provisions, of which 52 were notified at that time and the rest were effective on and from 1 May, 2017.

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