postpass akl Why RERA registration ? – Implementation Consulting

Why RERA registration ?

Why RERA registration ?

1. The Real Estate Act makes it mandatory for all commercial and residential real estate projects where the land is over 500 square metres, or eight apartments, to register with the Real Estate Regulatory (RERA) for launching a project, in order to provide greater transparency in project-marketing and execution.

2. Under RERA Act, it is mandatory for the promoters to register their real estate project to sell, advertise, market, book or purchase. The promoters are required to make an application to the authority for registration.

3. The Goa Real Estate (Regulation and Development) Rules, 2017, was notified by the Goan state government on 24 November 2017. As per the RERA Act, it is mandatory for all real estate agents and real estate projects in the state to be registered with the Real Estate Regulatory Authority

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