RERA Vision

The Real Estate Regulation Act, more commonly known as RERA, has become the umbrella phenomenon in the Mumbai real estate market, mainly against fraud. RERA registration in Mumbai has brought major changes to the city’s highly volatile property market, which is frequently touched with some form of anomaly and now comes with a level of safeguard for any homebuyer. Explaining RERA’s Structure RERA is a regulatory body in the real estate sector that protects people’s interests. The enactment of this act is supervised in Mumbai by the Maharashtra Real Estate Regulatory Authority (MahaRREA). Among the goals of RERA, one of the key ones is to fight against fraudulent activities, which has traditionally been a problem in the real estate sector. Through RERA registration in Mumbai , the act will compel developers to abide by standard delivery timelines, declare their financial profile, and improve consumer relations. Key Features of RERA Mandatory Registration: All real estate projects are re...

  RERA quarterly compliance is one of the most important factors that play a significant role in the real estate market. RERA ensures the transparency of project funds and other details and accountability in project management. Under the Real Estate (Regulation and Development) Act, 2016, developers must submit regular reports specifying project progress and financial discipline.  RERA quarterly compliance not only protects consumer interests but also enhances the credibility of developers in a competitive market. By following all the regulations mentioned in RERA, developers can build better relationships with their clients, which also increases their word-of-mouth marketing. Moreover, avoiding legal disputes is a significant task in the real estate market. With this blog post, we will try to understand why Prioritizing RERA quarterly compliance is essential for sustainable growth and success in 2024. Legal Compliance Projects with an area of more than 500 square meters or m...

In the fast-moving real estate industry, project delays are a common occurrence as a result of numerous factors, ranging from financial constraints and regulatory impediments to unforeseen circumstances like weather conditions.  The Real Estate (Regulation and Development) Act, of 2016, also known as RERA, was legislation to bring greater transparency, accountability, and efficiency in the real estate sector. As RERA is meant for the protection of home buyers, it also acknowledges that delays can occur by allowing developers to apply for an RERA project timeline extension . In this blog, we will take you through the process of how to apply for a RERA project timeline extension and share expert tips on how you can increase your chances of getting your extension approved. As a developer, no matter where you are in Mumbai or any other place, it is important to know what steps to take and what legal requirements to follow to maintain your project’s credibility and avoid penalties. Unde...

  The Real Estate (Regulation and Development) Act, 2016 which is commonly known as RERA, this act was introduced to bring transparency, accountability, and fairness to the Indian real estate market. Many buyers used to face issues like project delays, hidden costs, and incomplete information before RERA. Pune is one of the fastest-growing cities in India, and it is witnessing rapid real estate growth and it also has its share of challenges.   What is RERA? RERA was introduced by the Indian government to protect the rights of homebuyers and to regulate the real estate sector. It ensures that developers and builders follow a standardized process for project registration, timely completion, and the delivery of promised amenities. Pune, being one of the key real estate hubs in Maharashtra, has benefited immensely from RERA. The most important feature of this act is that it makes it compulsory for all real estate projects (above a certain size) to be registered with the Mahar...