{"id":8,"date":"2019-05-23T05:02:39","date_gmt":"2019-05-22T23:32:39","guid":{"rendered":"https:\/\/aktassociates.com\/blog\/?p=8"},"modified":"2019-08-24T17:49:29","modified_gmt":"2019-08-24T12:19:29","slug":"maha-rera-quarterly-filing-and-updates","status":"publish","type":"post","link":"https:\/\/aktassociates.com\/blog\/maha-rera-quarterly-filing-and-updates\/","title":{"rendered":"Maha-RERA Quarterly Filing and Updates"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">RERA or the<\/span> <span style=\"font-weight: 400;\">Real Estate Regulatory Authority<\/span><span style=\"font-weight: 400;\"> has been introduced by the Government to protect the home-buyers and to attract more investors in the real estate market. RERA is the first regulator in the real estate market of India.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Home buyers have always felt burnt and have suffered as compared to sellers; it has been long due complaints to which the Government took a step in 2016, and the RERA Act became effective since 2017. Through RERA the Government has tried to introduce an impartial and reasonable contract between the seller and the buyer of the home. It aims at increasing the transparency in dealings and making it simpler for all the parties involved.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">RERA aims to protect those buyers who have not received the occupancy certificate. It has been observed that buyers suffer heavy losses while the project is in the construction phase. Therefore projects which are at the fag-end of completion and ready to be handed over do not fall under the RERA, provided the occupancy certificate is issued to the buyers.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-428 size-full aligncenter\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/Maha-RERA-Quarterly-Filing-and-Updates.jpg\" alt=\"Maha-RERA Quarterly Filing and Updates\" width=\"700\" height=\"400\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/Maha-RERA-Quarterly-Filing-and-Updates.jpg 700w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/Maha-RERA-Quarterly-Filing-and-Updates-300x171.jpg 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/Maha-RERA-Quarterly-Filing-and-Updates-20x11.jpg 20w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >In this article, we will discuss about...<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #1e73be;color:#1e73be\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #1e73be;color:#1e73be\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/aktassociates.com\/blog\/maha-rera-quarterly-filing-and-updates\/#Objectives_behind_forming_the_RERA_Act\" title=\"Objectives behind forming the RERA Act:\">Objectives behind forming the RERA Act:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/aktassociates.com\/blog\/maha-rera-quarterly-filing-and-updates\/#Impact_of_RERA_on_Buyers_and_Sellers\" title=\"Impact of RERA on Buyers and Sellers:\">Impact of RERA on Buyers and Sellers:<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/aktassociates.com\/blog\/maha-rera-quarterly-filing-and-updates\/#Introduction_of_a_Regulatory_Body\" title=\"Introduction of a Regulatory Body\">Introduction of a Regulatory Body<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/aktassociates.com\/blog\/maha-rera-quarterly-filing-and-updates\/#Registration_under_the_Act_is_Compulsory\" title=\"Registration under the Act is Compulsory\">Registration under the Act is Compulsory<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/aktassociates.com\/blog\/maha-rera-quarterly-filing-and-updates\/#Promoters_are_required_to_state_every_minute_details_while_applying_for_registration_under_RERA_Some_of_them_are\" title=\"Promoters are required to state every minute details while applying for registration under RERA. Some of them are:\">Promoters are required to state every minute details while applying for registration under RERA. Some of them are:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/aktassociates.com\/blog\/maha-rera-quarterly-filing-and-updates\/#Specified_account_for_each_project\" title=\"Specified account for each project:\">Specified account for each project:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/aktassociates.com\/blog\/maha-rera-quarterly-filing-and-updates\/#Fair_disclosure_of_progress_by_promoters\" title=\"Fair disclosure of progress by promoters:\">Fair disclosure of progress by promoters:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/aktassociates.com\/blog\/maha-rera-quarterly-filing-and-updates\/#Fair_sale_agreement\" title=\"Fair sale agreement:\">Fair sale agreement:<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/aktassociates.com\/blog\/maha-rera-quarterly-filing-and-updates\/#Key_Points_to_remember_when_registering_for_RERA\" title=\"Key Points to remember when registering for RERA\">Key Points to remember when registering for RERA<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/aktassociates.com\/blog\/maha-rera-quarterly-filing-and-updates\/#Documents_to_be_submitted_while_registering\" title=\"Documents to be submitted while registering:\">Documents to be submitted while registering:<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/aktassociates.com\/blog\/maha-rera-quarterly-filing-and-updates\/#Recent_Updates_regarding_RERA\" title=\"Recent Updates regarding RERA\">Recent Updates regarding RERA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/aktassociates.com\/blog\/maha-rera-quarterly-filing-and-updates\/#FAQ\" title=\"FAQ\">FAQ<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/aktassociates.com\/blog\/maha-rera-quarterly-filing-and-updates\/#Does_Rera_have_any_impact_on_sellers\" title=\"Does Rera have any impact on sellers?\">Does Rera have any impact on sellers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/aktassociates.com\/blog\/maha-rera-quarterly-filing-and-updates\/#How_much_time_does_it_take_for_RERA_to_respond_to_stakeholders_compliant\" title=\"How much time does it take for RERA to respond to stakeholders compliant?\">How much time does it take for RERA to respond to stakeholders compliant?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/aktassociates.com\/blog\/maha-rera-quarterly-filing-and-updates\/#What_is_the_escrow_account\" title=\"What is the escrow account?\">What is the escrow account?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/aktassociates.com\/blog\/maha-rera-quarterly-filing-and-updates\/#Is_there_any_penalty_charged_on_promoters_for_violating_RERA\" title=\"Is there any penalty charged on promoters for violating RERA?\">Is there any penalty charged on promoters for violating RERA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/aktassociates.com\/blog\/maha-rera-quarterly-filing-and-updates\/#Is_RERA_implemented_in_all_the_states_and_union_territories_of_India\" title=\"Is RERA implemented in all the states and union territories of India?\">Is RERA implemented in all the states and union territories of India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/aktassociates.com\/blog\/maha-rera-quarterly-filing-and-updates\/#What_is_the_Carpet_Area_as_per_RERA\" title=\"What is the Carpet Area as per RERA?\">What is the Carpet Area as per RERA?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Objectives_behind_forming_the_RERA_Act\"><\/span>Objectives behind forming the RERA Act:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Through this Act, it intends to achieve some of the following objectives:<\/p>\n<ul>\n<li>Imbibe the promoters with a sense of responsibility towards the allottees and to protect the latter\u2019s interest;<\/li>\n<li>Impart transparency, confirm just and fair contracts<\/li>\n<li>Minimize frauds and delays<\/li>\n<li>Introduce professionalism in the real estate market and to standardize the market.<\/li>\n<li>Clear and lucid communication between the promoter and the buyer<\/li>\n<li>Making both the developer and the buyers more responsible<\/li>\n<li>Start a regulatory vigilance mechanism to impose contracts.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Impact_of_RERA_on_Buyers_and_Sellers\"><\/span>Impact of RERA on Buyers and Sellers:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><span class=\"ez-toc-section\" id=\"Introduction_of_a_Regulatory_Body\"><\/span>Introduction of a Regulatory Body<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Due to the absence of a proper regulator in the real estate market, this market was utterly uncontrolled. But, this introduction of this act a regulator has been introduced in each state and the union territory. It is a robust body to address the grievances of the stakeholders.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Registration_under_the_Act_is_Compulsory\"><\/span>Registration under the Act is Compulsory<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>As per the central act, real estate project which covers the total area of 500 sq meters or more or has 8 or more apartments, (it also includes their plans), is compelled to register with its individual state\u2019s RERA. An existing project which has not yet issued the OC also falls under the Act.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Promoters_are_required_to_state_every_minute_details_while_applying_for_registration_under_RERA_Some_of_them_are\"><\/span>Promoters are required to state every minute details while applying for registration under RERA. Some of them are:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Status of the land.<\/li>\n<li>Promoter&#8217;s detailed information.<\/li>\n<li>Approvals received.<\/li>\n<li>Plan of completion.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Specified_account_for_each_project\"><\/span>Specified account for each project:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>One of the standard practices of promoters was that they used to invest one project\u2019s money in another and this was also the primary cause of the delay. To restrict that <a href=\"https:\/\/aktassociates.com\/blog\/maha-rera-registration-projects-documents\/\" target=\"_blank\" rel=\"noopener noreferrer\">RERA<\/a> states that promoters are required to have separate accounts for each project and they will have to park 70% of receivables from that project into the respective account. These are escrow accounts, and funds from the accounts can be used only for property and construction expenditures with permission of the escrow account manager or a certified professional.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Fair_disclosure_of_progress_by_promoters\"><\/span>Fair disclosure of progress by promoters:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Promoters have to disclose the project\u2019s progress periodically, on the central website of RERA. Home buyers can easily log on to the page and check.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Fair_sale_agreement\"><\/span>Fair sale agreement:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Promoters often used cannot include any a clause claiming penalty from buyers in case of failure to pay, but the contract never stated any such penalty for the promoters. Application of RERA has made such clauses considering stories of the past.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Points_to_remember_when_registering_for_RERA\"><\/span>Key Points to remember when registering for RERA<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Obligatory registration of all projects.<br \/>\nDistinct registration of each phase of the project.<br \/>\nA clear timeline regarding the projects\u2019 completion date.<br \/>\nExtension of project date can be only up to one year that too if the delay is not due to the promoter.<br \/>\nRegularly update the RERA website on projects status.<br \/>\nAudit of accounts to be done by a CA, every year once.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Documents_to_be_submitted_while_registering\"><\/span>Documents to be submitted while registering:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>The genuine copy of all approvals.<\/li>\n<li>Commencement certificate.<\/li>\n<li>The sanctioned plan of the property.<\/li>\n<li>The layout of the plan.<\/li>\n<li>Project\u2019s specification<\/li>\n<li>Proposal for the project\u2019s development and completion.<\/li>\n<li>Planned amenities,<\/li>\n<li>Draft of allotment letter,<\/li>\n<li>Sale Deed<\/li>\n<li>Conveyance agreement.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Recent_Updates_regarding_RERA\"><\/span>Recent Updates regarding RERA<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Post-registration of their respective projects under RERA, all of the promoters need to update the complete information on the Authority\u2019s website regarding the complete catalog of the types and number of plots\/apartments, all kinds of approvals taken for the project, No Objection Certificates (NOC) if applicable, the status of construction\/development backed with photos as their evidence, pending litigations (if any) and its status as per the Section 11 of the RERA Act.<\/p>\n<p>Promoters should also keep on filing the updates related to quarterly certificates stating the progress of the project, which is received from professionals such as Architects, Engineers, CA\u2019s. Such updates will be helpful for allottees to understand the status of the project from time to time. This will also help the prospective buyers to understand the movement of the apartments\/plots per quarter so that they are fully aware of the scenario before investing in the project. This will also enable the authority to know the development of the project from time to time.<\/p>\n<p>Such filings have to be done by the promoters till the project is completed and they need to submit the Occupancy Certificate post the completion of the project.<br \/>\nOne thing to note is that quarterly filings are now mandatory as per the act and rule, failure to which will attract penalties and fines as per Section 60 of the RERA act. The penalties might extend up to 5% of the overall estimate of the real estate project.<\/p>\n<p><a href=\"https:\/\/aktassociates.com\/business-registrations\/maha-rera-registration\/maha-rera-new-projects-registration\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1175 aligncenter\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/maha-rera-register.jpg\" alt=\"maha rera register\" width=\"700\" height=\"150\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/maha-rera-register.jpg 700w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/maha-rera-register-300x64.jpg 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/maha-rera-register-20x4.jpg 20w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQ\"><\/span>FAQ<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Does_Rera_have_any_impact_on_sellers\"><\/span>Does Rera have any impact on sellers?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>What is an occupancy certificate?<br \/>\nOccupancy certificate, issued by a local authority is a certificate which permits a buyer occupation of any property, provided it has the necessary infrastructure and facilities like water, electricity, and cleanliness. RERA states that once the promoter gets the Occupancy certificate from the local authority, he has to give it to the home buyers their individual property or the association of home-buyers.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_time_does_it_take_for_RERA_to_respond_to_stakeholders_compliant\"><\/span>How much time does it take for RERA to respond to stakeholders compliant?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Keeping the purpose of its creation of the mind, RERA gets only 60 days to address the complaints received.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_escrow_account\"><\/span>What is the escrow account?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A person holding an escrow account does not have the privilege of using its funds at his discretion. The account is under the vigilance of a third party like a bank or an acknowledged lender, they have the signing authority for financial transactions from an escrow account.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_there_any_penalty_charged_on_promoters_for_violating_RERA\"><\/span>Is there any penalty charged on promoters for violating RERA?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Yes, there is a penalty of up to 10% of the project\u2019s cost along with imprisonment.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_RERA_implemented_in_all_the_states_and_union_territories_of_India\"><\/span>Is RERA implemented in all the states and union territories of India?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Barring 5 North Eastern states (Arunachal Pradesh, Mizoram, Meghalaya, Sikkim, and Nagaland) and West Bengal, RERA has been implemented in all the states and union territories of India.<\/p>\n<p>What does the term \u2018promoter\u2019 mean?<\/p>\n<p><strong>The term \u2018promoter\u2019 means<\/strong><\/p>\n<ul>\n<li>Any entity which builds property, including both private and public.<\/li>\n<li>Includes anyone who modifies a building into an apartment<\/li>\n<li>Constructs a new building on a plot for sale<\/li>\n<li>Any entity who sells a plot or a property<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Carpet_Area_as_per_RERA\"><\/span>What is the Carpet Area as per RERA?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>According to the RERA, the carpet area is the absolute floor area that can be used inside an apartment. It does not include the area enclosed by the external walls, the service areas, the balcony, or any open terrace. In fact, it is the area enclosed within the four walls of the apartment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RERA or the Real Estate Regulatory Authority has been introduced by the Government to protect the home-buyers and to attract &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Maha-RERA Quarterly Filing and Updates\" class=\"read-more button\" href=\"https:\/\/aktassociates.com\/blog\/maha-rera-quarterly-filing-and-updates\/#more-8\">Read more<span class=\"screen-reader-text\">Maha-RERA Quarterly Filing and Updates<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":19,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Maha-RERA Quarterly Filing and UpdatesAKT Associates<\/title>\n<meta name=\"description\" content=\"RERA or the Real Estate Regulatory Authority has been introduced by the Government to protect the home-buyers and to attract more investors in the real estate market. RERA is the first regulator in the real estate market of India.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aktassociates.com\/blog\/maha-rera-quarterly-filing-and-updates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maha-RERA Quarterly Filing and UpdatesAKT Associates\" \/>\n<meta property=\"og:description\" content=\"RERA or the Real Estate Regulatory Authority has been introduced by the Government to protect the home-buyers and to attract more investors in the real estate market. 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