For the longest time, there was no standardized practice being followed by builders, this led to an increase in fraud, manipulation, and malpractices. RERA was created to safeguard the interest of homebuyers and encourage people to invest in the real estate sector.
What is RERA Certificate
A RERA certificate is a legal document that acts as proof that a property, project, or property agent has been registered under state-level RERA authority or tribunal. The central act i.e. Real Estate Regulation and Development Act has mandated registration for projects and property agents to obtain a unique registration number.