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[email protected]The purpose of RERA was to control the formerly unorganized and uncontrolled real estate market in India. The number of altercations and confrontations between developers and homeowners was increasing in the absence of an effective regulator. In order to address the issues and complaints raised by real estate developers, purchasers, brokers, and other industry participants, the RERA Act of 2016 was put into effect. Homebuyers now favor projects that have received RERA approval following the passage of the RERA Act.In India's real estate industry, RERA has increased accountability and openness. The number of false claims has decreased because real estate developers are required to register with the state RERA prior to beginning a project.The rights of both real estate developers and buyers are safeguarded under the RERA Act.
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