RERA specifies certain norms for building and development of real estate which will enhance the transparency in transactions in the real estate sector.
It has provided several rights to the home buyers and has also specified certain rules and regulations to be followed by all builders/ developers.
Moreover, the RERA Act also specifies the creation of a Real Estate Authority and Appellate Tribunal for each state. In case of any wrongdoing by the builder/developer – the home buyer can also file a complaint to this authority.