The RERA Act was enacted with an aim to regulate and promote the real estate sector so that there could be transparency and efficiency in the conduct of the sale of an apartment, land, or a building. The RERA Act, through proper regulation, ensures protection to the interest and the rights of the consumers. The Act was enforced from 1st May 2017, across India after it was enacted by the Parliament in the year 2016. 

With its implementation, RERA would bring a high sigh of relief for the homebuyers. The builders would be accountable for the promises that they make to the buyers. It would ensure that consumers are protected from fraud. Proper regulation would encourage consumers to invest without fear.”