Namishree

  The real estate industry in India has been a significant contributor to economic growth and urban development. However, this sector has long been plagued by challenges such as delayed project deliveries, lack of transparency, and unregulated practices. To address these issues and safeguard the interests of homebuyers, the Indian government introduced the Real Estate (Regulation and Development) Act (RERA) in 2016. This landmark legislation has brought much-needed structure, accountability, and trust to the real estate market. In this article, we’ll explore how RERA protects homebuyers, its benefits for the real estate industry, and its specific impact in Telangana and Hyderabad, where the demand for 2BHK flats , 3BHK flats , and premium housing options has surged in recent years. What is RERA? The Real Estate (Regulation and Development) Act, 2016, is a central legislation aimed at streamlining and regulating the real estate sector in India. The act mandates the establishment of...