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RERA, or the Real Estate (Regulation and Development) Act, is a regulatory framework aimed at promoting transparency, accountability, and efficiency in the real estate sector in India. It is important because it protects the interests of homebuyers, ensures fair practices by developers, and promotes sustainable growth in the real estate industry.

RERA regulations apply to all real estate developers, builders, promoters, agents, and brokers involved in the sale or development of real estate projects in India. Compliance is mandatory for projects meeting certain criteria, including projects with a minimum size or number of units

Key requirements for RERA compliance include project registration with the respective state RERA authority, adherence to disclosure norms, timely completion of projects, depositing funds into a designated escrow account, and providing transparent information to homebuyers.

Non-compliance with RERA regulations can result in penalties, fines, and legal action by regulatory authorities. Developers may face sanctions such as project cancellation, revocation of registration, or even imprisonment in severe cases. Non-compliance can also damage the reputation of developers and adversely affect their business.

A RERA compliance audit helps assess your organization’s adherence to RERA regulations, identify any gaps or deficiencies in compliance efforts, and mitigate potential risks and liabilities. It provides assurance that your business is operating in accordance with legal requirements and helps maintain transparency and accountability.

We offer a range of services to assist clients with RERA compliance, including registration assistance, compliance audits, legal advisory services, training and workshops, and ongoing compliance monitoring. Our goal is to provide comprehensive support tailored to meet the specific needs of our clients.

Getting started with our RERA compliance services is easy. Simply contact us to schedule a consultation with our team. We will assess your needs, discuss the services that best suit your requirements, and provide guidance on the next steps to ensure smooth and efficient compliance with RERA regulations.

The frequency of RERA compliance audits may vary depending on factors such as the size and complexity of your projects, changes in regulatory requirements, and internal policies. We recommend conducting regular audits to ensure ongoing compliance and mitigate risks effectively.