Provident Botanico RERA full form is the Real Estate (Regulation and Development) Act, 2016. RERA was formulated to regulate India's hitherto unorganized and unregulated real estate sector. Without an efficient regulator, the incidents of tussle and disputes between homebuyers and developers increased.
The RERA Act of 2016 was implemented to address the concerns and grievances of real estate developers, homebuyers, realty agents, and other real estate sector stakeholders. After the implementation of the RERA Act, Rera-approved projects are preferred by homebuyers.
The RERA Act has brought some benefits from the day it was implemented. Some important ones are:
|1,2 & 3 BHK
|Total Land Area
More than 500 sq m real estate projects must be registered with RERA authorities. In addition, every such builder has to inform the homebuyer of the progress of construction, abide by the timelines, and follow the rules stated in the RERA Act.Benefits of the RERA Act, 2016
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