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In this video, we delve into the Real Estate Regulations Act (RERA) details and RERA benefits for buyers. Passed in 2016, RERA benefits aim to increase transparency in real estate transactions by establishing comprehensive guidelines for construction and development. It grants homebuyers several rights and mandates the establishment of Real Estate Regulatory Authorities and Appellate Tribunals in each state. Time Stamps 0:00: Introduction 1:01: What is RERA? 1:57: Advantage 1 - Grievances will be addressed and resolved ASAP 2:23: Advantage 2 - Carpet area standardization 3:02: Advantage 3: Right to Property Information 3:35: Advantage 4: Builders Won’t Delay Projects 4:15: Advantage 5: Builders will be held liable for any defect/ fault in the construction 4:40: Advantage 6: Advance Payments 4:57: Advantage 7: Buyer’s right in case of false promises 5:21: Advantage 8: Builder will need all clearances 6:33: Advantage 9: Builder will not be able to divert your funds into another project 7:31: Advantage 10: Lower real estate prices Join us as we explore what is RERA Act in India and how RERA helps buyers. We discuss how grievances are addressed and resolved efficiently through the Appellate Tribunal. We also highlight the standardization of the carpet area calculation, which directly impacts property prices. Discover how the right to property information empowers buyers to make informed decisions, as builders are required to disclose crucial details about the project. Learn about the limitations on advance payments, preventing builders from taking more than 10% of the flat's cost as an advance or application fee. Discover the legal recourse available to buyers in case of false promises or breach of agreements by builders. If you're interested in understanding the RERA Act and its benefits and how RERA works, this video is a must-watch! Subscribe to our channel for more informative content on real estate and stay informed about the latest industry developments. Like this Video Subscribe: / @nobrokerofficial Other Videos: • Presenting Valmark Apas: Unparalleled Luxu... • Exploring the Luxurious Presidential Tower... • BBMP Property Tax - How to Pay Property Ta... • 7 Biggest Mistakes While Buying a House in... • MCGM Property Tax: How to Pay Property Tax... • Avoid These 7 Mistakes When Buying a House... • Avoid These Top 10 Landlord Mistakes for R... • 6 Things No One Tells You About Buying Res... • Empowering Women: Real Estate Benefits for... • 7 Step Guide to Buying a Resale House • Should I Buy a Resale or a New House? How ... Download NoBroker Apps Android Property Rent & Sale: https://rb.gy/q0nyj1 Packers & Movers: https://rb.gy/hajxuv Home Service: https://rb.gy/npzrmt iOS Property Rent & Sale: https://rb.gy/yd7fig Packers & Movers: https://rb.gy/zxxgrk Home Service: https://rb.gy/0q2uje For More Updates Follow Us On Twitter: / nobrokercom Facebook: / nobrokercom Instagram: / nobroker YouTube Shorts: https://www.youtube.com/@NoBrokerOffi... #rera #rerabenefits #reraapproved #nobroker