WHAT IS RERA ACT IN REAL ESTATE? WHY IS RERA REGISTRATION IMPORTANT?

Real Estate Regulation and Development Act (RERA) was passed by the Government in the year 2016 to regulate the real estate industry in India and safeguard homebuyers’ rights.

Haryana RERA imposes ₹2.5 cr penalty on builder.

Brahma City Private Limited is developing a residential township project in Gurugram's sector 61 to sector 65. The Haryana Real Estate Regulatory Authority (RERA), Gurugram, has imposed a penalty of ₹2.50 crore on a real estate developer for violating norms by selling plots without the registration of the project


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