The real estate (regulation and development) Act 2016 comes into existence to launch or establish the real estate regulatory authority whose main motive is to regulate and promote the real estate sector.
As all we are aware this talk that today economy is updating day by day in terms of the service sector and because of which service sector people moving towards metro cities or where they get the job; so for their living they have to purchase apartments, houses in which they can stay as long as they want. In this sale and purchase two parties are involved one is who is purchasing and other who is selling out and because of delay, unprofessionalism or not meeting with regulations and rules RERA act comes into the existence to provide and safeguards the interest of consumer, uniformity, and standardization in business practices.
Therefore, if you choose Project registration under RERA it provides you customer satisfaction more effectively because transaction related to the sale of a plot; building or the case may be is go in an efficient and transparent manner to protect the interest of consumers in the real estate sector. While registering project under RERA you have to go through a process which includes the list of activities which you to accomplish to register your project under RERA.
Under RERA, real estate agents are the one who plays a crucial role and is licensed professionals who represent buyers and sellers in real estate transactions. Without Agent Registration under Rera, he can offer its services for any project. And for Registration of Real Estate Agent in India you have to prepare an application for registration of real estate agent and submit that application and liaison with the real estate regulatory authority for registration then you will register.
From the agent registration we can analyze that agent are fully qualified and surrounds with full of knowledge regarding the rules, acts related or needed in real estate sector, because of which they can perform the role of mediator between buyer and seller more effectively and complete the transactions related to sale of building, project in an effective manner by considering interest of both the parties with maintaining of transparency in the deal.
So, from the above discussion we can conclude that with the launch of RERA act consumer protection, uniformity and standardization of business practices and transactions takes place in the real sector because of which chances of frauds, delays reduce. And with the upgrading of real estate sector now more career opportunities are risen up in this sector because of which improvement takes place in the economy in the terms of infrastructure, outer look of the economy, launch of rules and regulations that improve the standard of the economy.
To know more about RERA consultants and services offered by them or any query related to Rera Bengaluru, please visit our website HERE: http://www.reraconsultants.in/
Keywords: Project registration under RERA, Agent Registration under Rera, Rera Bengaluru
By: Rera Consultants
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