The Real Estate (Regulation and Development) Act, 2016 (RERA), has revolutionized the Indian real estate industry, ushering in a new era of transparency and accountability. Designed to promote fairness and efficiency, these guidelines have profoundly impacted property developers and buyers alike. Developers must now adhere to stringent norms encompassing project registration, documentation, pricing, and quality standards. Mr. Anurag Goel, Director of Goel Ganga Developments, emphasizes the importance of compliance, emphasizing the need for accurate documentation and timely approvals. RERA ensures a level playing field, instilling buyer trust and fostering a more transparent and competitive real estate market in India. This adherence to RERA guidelines will undoubtedly benefit developers and buyers, enhancing the industry’s overall efficiency and credibility.
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