The real estate regulatory authority (RERA) regulates and governs real estate sectors and their activities. The real estate regulatory authority of respective states and union territories was established by the introduction of the Real Estate (regulation and development) Act, 2016. Real estate regulatory authority works in buyers' interest and protects them from the unfair practices prevalent in the market. RERA legislation regulates the conduct of builders and their agents by registering their intent to purchase and seeks a timely report on the devel...
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