Implemented by Government of India on May 1, 2017, RERA or The Real Estate (Regulation and Development) Act is one of the most important measures which was enforced to boost investments in the real estate industry and to safeguard the rights of Home-buyers. The act also led to speedy property related redressal. The act first came into force on May 1, 2016, but with half provisions. However, remaining provisions came into force on 1 May 2017.
As the act is about to complete its first year on May 1, 2018; we bring to you the complete report card of its implementation and how it gave a big relief to home buyers: