0 nainakapoor Asked: August 29, 2019In: Finance What is RERA Act in Uttar Pradesh? 0 The official date for UP RERA notification was October 27, 2016 and this Act has been in effect ever since. https://www.bajajfinserv.in/insights/rera-uttar-pradesh rerarera uttar pradesh Share Facebook Related Questions What are the GST Loopholes? Define receivable management, payable management or working capital management important? What is merchant business and how to open merchant account for our business? Why Personal Finance Software Market Foreseen to Witness Striking Development What is a business working capital loan? 3 Answers Voted Oldest Recent adityasehgal Added an answer on November 22, 2019 at 12:44 pm As the name suggests “Real Estate Regulatory Authority (RERA), its an act lunched in every state of India in 2016 to regulate and monitor if there any dispute in real estate projects. It can adjudicate these cases and boost people of interest in real estate investment. 0 Login to Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Pankaj Added an answer on September 14, 2019 at 7:01 am The Purpose of ReraAct is: – To establish the Real Estate Regulatory Authority for regulation and promotion of the Real Estate sector. – To ensure transparency in projects. – To protect the interest of consumers in the Real Estate Sector and to establish an adjudicating mechanism for speedy dispute redressal. – To provide proper information about the Builder. – Provide recommendations to appropriate Government on in matters relating to the development & promotion of real estate sector; 0 Login to Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp nainakapoor Financial Consultant Added an answer on August 29, 2019 at 11:37 am It aims to protect your interests as a buyer and also those of promoters and real estate agents. In addition, as a buyer you also get access to quicker redressal services courtesy of the RERA Act in UP. It has an established adjudicating body that is specially designed to handle such queries in a speedy and fair manner. To know all visit: https://www.bajajfinserv.in/insights/rera-uttar-pradesh 0 Login to Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer.