Homepage Forums Kennis The Salient Features of RERA

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    shradha123
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    It establishes the State Real Estate Regulatory Authority as the government body to be approached for redressal of grievances against any builder.
    This law vests authority on the real estate regulator to govern both residential and commercial real estate transactions.This law makes it mandatory for developers to post all information on issues such as project plan, layout, government approvals, land title status, sub-contractors to the project and schedule for RERA Complaint and then in effect pass this information on to the consumers.
    The maximum jail term for a developer who violates the order of the appellate tribunal of the RERA is three years with or without a fine.

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