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Home/Questions/Q 7027
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nainakapoor
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nainakapoor
Asked: August 29, 20192019-08-29T11:35:51+00:00 2019-08-29T11:35:51+00:00In: Finance

What is RERA Act in Uttar Pradesh?

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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
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3 Answers

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  1. nainakapoor Financial Consultant
    2019-08-29T11:37:08+00:00Added 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

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    Pankaj
    2019-09-14T07:01:57+00:00Added 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;

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  3. adityasehgal
    2019-11-22T12:44:38+00:00Added 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.

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