RERA stands for Real Estate Regulatory Authority. It was set up in the year 2016 by Govt. Of India to establish transparency in real estate sector. The RERA Act looks after the concerns of homebuyers, builders, brokers and stakeholders in real estate sector. RERA has given a big relief particularly to homebuyers who spend their hard earned money to buy a home of their dreams. The buliders have to complete the project timely and maintain complete transparency with home buyers about the project. If there is any delay in completing the project the builder has to pay the penalty. Builder cannot charge more than 10% advance from the homebuyers. There are many other points in favour of homebuyers.
Vinay Goel and Company is competent in handling RERA cases in Uttar Pradesh and Delhi NCR. We give our clients the right legal guidance for resolving any problems related to RERA.
