RERA And Its Impact On Real Estate

What Is RERA (Real Estate Regulatory Authority)

The Real Estate (Regulation and Development) Act, 2016 is an act of the Indian Parliament that promotes capital investment in real estate as well as protecting domestic buyers. This act was passed in the Rajya Sabha on March 10, 2016, and in the Lok Sabha on March 15, 2016. Applying 69 streams out of its 92, this Act was implemented from 1 May 2016.

The Real Estate Regulation (and Development) Act or RERA have started getting notified by states from May 1, 2017. As a buyer friendly measure that the Government of India has launched, RERA has been on the news for the impact that it is expected to have on the real estate sector.

Why invest in Real Estate Jaipur ? Play a safe bet........

Jaipur is one of the best place in India, where real estate industry is ruling presently. Jaipur is known as a pink city and one of the popular or the largest city of Rajasthan. The place is also remarked as great attraction of Rajasthan tourists. In every year, many tourists use to come here to travel the place and also to enhance their knowledge about historical background of Rajasthan. Jaipur is on the way of becoming a Mega City by 2025 with a population of 10 million persons encompassing over an area of about 800 sq. km.

Advantages for investment