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The real estate sector was largely unregulated in India before the introduction of RERA. With a view to organize, regulate and promote this sector Real Estate Regulatory Authority (RERA) was established as per the Real Estate (Regulation & Development) Act, 2016.
The objectives for introduction of RERA are:
Before initiating any work, it is mandatory to get the RERA Agent Registration. For applying for RERA registration it is mandatory for the applicant that all the necessary clearances are already taken for. Before initiating any promotion or advertisement for any project, RERA Registration is mandatory. This ensures that there is no delay at the delivery time and allotment to the buyers. Process Once the application for registration is submitted, it is to be processes within 30 days. If the application is approved by the authority, a Unique registration number is allotted to the applicant along with the login credentials. The applicant is required to update all the details relating to the organization and project on the portal. Source url - http://enterslice575.blog.fc2.com/blog-entry-8.html
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