Real Estate Regulation & Development Act (RERA) is one of the most important regulations passed by the Union Government of India which paves way for the setting up to Real Estate Regulatory Authority & appellate tribunal in every state. The purpose of the Act is to protect the interest of the consumers by providing a level playing field, increase transparency & uniformity and provide a speedy dispute resolution mechanism as well as help boost investments in Real Estate Industry.
The Real Estate Act makes it mandatory for all commercial and residential real estate projects, where the land area is over 500 square metres or which has more than eight apartment units, to register with the Real Estate Regulatory Authority (RERA) before launching a project.
In Karnataka, the Karnataka Real Estate (Regulation & Development) Rules 2017 was passed on 10.07.2017, paving the way for setting up of RERA in the State.
With a promise of protecting the rights of consumers and ushering the transparency The Real Estate (Regulation and Development) Act, provides a legal framework to protect home buyers and encourage genuine private players. It will change one’s home-buying experience as the primary aim of the Act is to bring transparency and accountability from all stakeholders.
Yesh Developers welcomes RERA.
All Yesh Projects are RERA registered and strictly complies with all provisions of the Act.
Yesh Developers and Promoters is also registered with RERA under the Agent category with registration no - PRM/KA/RERA/1268/378/AG/180205/001771.
To know more about RERA or any queries with respect to its applicability and implementation to any of our projects feel free to write to us at info@yeshdevelopers.com
