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RERA FAQ
The Real Estate (Regulation and Development) Act, 2016 (“the Act”) is an umbrella legislation designed to provide a framework for both Central and State Government. The Act is a Government of India initiative to bring about the much needed transparency and order in real estate related transactions by creating a systematic and a uniform regulatory environment, thereby protecting consumer interest and making real estate developers accountable for timely completion of projects. The Act paves the way for setting up of Real Estate Regulatory Authority (“Authority”) at every State for regulation and promotion of real estate sector while promoting transparency and equity in real estate transactions.
There is no distinction between an ongoing/incomplete projects and both types of projects are covered under the ambit of the Act. Further, any new projects to be launched by the real estate developers are also covered under the ambit of the Act.
The Authority set up by every State, is required to either grant registration or reject the application within 30 days of its submission. If the application is not in conformation with the guidelines and Authority finds it worth rejecting, it is mandatory that the applicant/real estate developer be heard in the matter before rejection.
The registration will be valid for a period specified by the real estate developer in the application form submitted to the Authority. Hence, the real estate developer is accountable to adhere to timelines otherwise he risks suffering losses/ penalties.
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Thank you so much for helping us to find our dream house, we are eternally grateful! Best wishes.

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Animation Studio
Thank you so much Mary for all your efforts on our behalf. Really appreciate the time you spent to complete on our house- don’t think it would have happen without you!! Will definitely recommend Retties to call.

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Snowball Media
Just a short note to say thank you from the family for helping us find a new home in Mumbai. We’re delighted with our new house and we are grateful for all the hard work that you did on our behalf.
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