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“RERA Act: A Critical Analysis”; Nithi, VIT University, Chennai.pdf

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Preview of “RERA Act: A Critical Analysis”; Nithi, VIT University, Chennai
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📊 Size: 679 KB
👤 Author: Soham
⬇️ Downloads: 67

Summary

The Real Estate Regulation Act (RERA) was enacted in 2016 to bring transparency and uniformity to the real estate sector in India. The act aims to protect consumers and promote fair business practices among builders and developers. Key features of RERA include security measures, such as escrow accounts for project funds, transparency requirements for builders, and fairness provisions, like standardized carpet area and built-up area calculations. The act also establishes a regulatory framework, requiring registration of projects and builders, and provides for quality assurance and authorization mechanisms. Despite its benefits, the act has faced challenges and criticisms, particularly from the real estate industry, which has experienced difficulties in implementing the new regulations. The research objectives include understanding the importance and need for RERA, analyzing its impact on India's economy, and assessing its effects on the real estate business and risk reduction for consumers.

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Description

The Real Estate Regulation Act (RERA) was enacted in 2016 to bring transparency and uniformity to the real estate sector in India.

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  • File Format: PDF
  • File Size: 679 KB
  • Pages: 17
  • Language: EN
  • Author: Soham
  • Total Downloads: 67
  • Last Updated: 1 week ago

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