Real Estate Regulatory Agency
The Real Estate Regulatory Agency (RERA) is a government body established to oversee and regulate the real estate sector. Its primary purpose is to protect the interests of property buyers and ensure transparency in real estate transactions. RERA sets guidelines for developers and agents, promoting fair practices and accountability in the industry.
Additionally, RERA provides a platform for resolving disputes between buyers and developers. It maintains a registry of licensed real estate professionals and projects, ensuring that all parties comply with established laws. This regulatory framework aims to enhance consumer confidence and foster a more stable real estate market.