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In India, real estate is becoming an increasingly important sector of the economy and legal issues are also arising to create special courts and jurisdictions in these areas. The Real Estate (Regulation and Development) Act, 2016 [RERA Act] has been passed. As per the RERA Act, the appointment of the regulator has to be made by each state. RERA Authority means the real estate regulatory authority established under the RERA Act.
This authority acts as a special court to ensure transparency and fairness in the functioning of the real estate sector. The RERA Act comprises three forums: the RERA Authority, the RERA Adjudication Officer, and the RERA Appellate Tribunal.