ReraForAll

                                         RERAFORALL brings you some of the most common question asked to understand and know more about RERA (Real Estate Regulation Act 2016 ).   COMMON QUESTIONS ABOUT RERA – PART (I) ________________________________________________________ What are the objects and reasons for which the Real Estate (Regulation and Development) Act 2016 has been framed? Ans: – The Real Estate Act is intended to achieve the following objectives: Ensure accountability towards allottees and protect their interest; Infuse transparency, ensure fair-play and reduce frauds and delays; Introduce professionalism and pan India standardization; Establish symmetry of information between the promoter and allottees; Imposing certain responsibilities on both promoter and allottees; Establish regulatory oversight mechanism to enforce contracts; Establish fast- track dispute resolution mechanism; Promote good governance in the sector which in turn would create investors confidence.   Which areas of Maharashtra are included in the Planning Area as defined in the Act? Ans: – In accordance with notifications issued by Urban Development of Government of Maharashtra, MR and TP Act applicable to all the districts of Maharashtra. Hence, all areas of Maharashtra are included in Planning…