The Real Estate Regulation and Development Act came into force in the year 2016 and the country achieved its first realty regulator act. By bringing in transparency and various other perks for both buyers and developers alike, the act is set to transform the sector for its betterment. Parameters of RERA: The regulatory act is set to bring in about 83,000 builders with registration under the purview. With proper regulation and accountability, investments from domestic and foreign financing institutions are expected to increase. Credibility of the developers and builders increase as the focal area of the act is on mandating proper disclosure of the projects which includes details such as land status, clearances, approvals, etc. Transparent pricing patterns along with quick and efficient redressing process enhance the builder’s accountability. The act also ensures that the buyer’s money is used for the mentioned project and mandates the necessity of revealing all the inform...