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Real Estate (Regulation and Development) Act 2016 (RERA)
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About — Real Estate (Regulation and Development) Act 2016 (RERA)
The Real Estate (Regulation and Development) Act, 2016 (RERA) creates a nationwide regulatory framework for India's real‑estate sector. It safeguards buyers by requiring project registration, transparent disclosures and timely delivery, with penalties for non‑compliance. For instance, developers must keep at least 70 % of funds in an escrow account that cannot be diverted.