3.6. RERA Act 2017 (Real Estate Regulation and Development Act)

Try these first

1. 1.

   What does RERA stand for?

   Hint

   Think about real estate.

2. 2.

   Name one right allotted to property buyers under RERA.

   Hint

   Consider what a buyer should expect.

3. 3.

   What is the primary purpose of the RERA Act?

   • Consumer protection
   • Tax collection
   • Market regulation

   Hint

   Think about what it does for home buyers.

4. 4.

   True or False: RERA mandates builders to register their projects.

   • True
   • False

   Hint

   Consider who gets to sell legally.

5. 5.

   You are a buyer who discovers that your builder has delayed your project's completion by a year. Discuss the legal steps available to you under RERA.

   Hint

   Part of your rights is about delayed possession.

6. 6.

   Assume you are part of a real estate group looking to invest but are unsure of a builder’s reliability. How would RERA help you in this scenario?

   Hint

   Consider the importance of compliance history.