The Indian economy in the past year has undoubtedly gone through a massive makeover, and especially the real estate Industry. The most recent makeover is the Real Estate (Regulation and Development) Act which is widely termed as ‘RERA’. Without a doubt all the factors related to RERA are headed to make a positive impact on the Country’s economy in the long run, but, only with a certain contribution from present market customers. Rera Consultants at Reraconsultants.in aims at providing all services under The Real Estate (Regulation and Development) Act, 2016 both to the Promoters as well as the Allottees/Purchasers of Apartments and Plots.

A benefit of the RERA Act enforces the builders to put 70% of the investor’s amount in separate escrow accounts for the purpose of construction fund, to prevent from insolvency and other frauds.

Real Estate Regulatory Authority in India has enforced The Real Estate Regulatory Act (RERA) which is proving a boon for real estate agents in the city of Bangalore.

RERA came into force on May 1.The state government has set up a website for online registration of projects. Under RERA rules, builders and real estate agents have been given three months to register their projects with the regulator or face penalty. After the 90-day period, those failing to register would be considered delinquent and face severe action.

Registered Real Estate Agents in Bangalore believes that the initiative is good which will help weed out the wrong elements in real estate brokering. Since there are many legal aspects while dealing in properties and the guidance of lawyers is a must yet the agents play a major role. The registration will help in identifying the genuine agents.

About RERA CONSULTANTS LLP:
RERA CONSULTANTS LLP is a one stop consulting firm backed by seasoned professionals having expertise in the fields of Real Estate, Legal, Accounts, Construction, Information Technology, providing consultancy services to Promoters for registration of Projects and all other matters related and ancillary to the registration of the Projects.

To know more about RERA Consultants LLP, please visit our website: http://www.reraconsultants.in/ or call us at 080 23462003