Legal Rights and Obligations of Homebuyers in India: Your Essential Guide to Real Estate Laws
Buying a home is a significant milestone in one's life, and it is crucial to understand the legal rights and obligations that accompany this journey. In India, several laws and provisions safeguard the interests of homebuyers and ensure fair transactions in the real estate sector. This informative article aims to shed light on the legal framework governing homebuyers' rights and obligations, empowering laypeople with valuable knowledge to make informed decisions. Real Estate (Regulation and Development) Act, 2016 (RERA) : The Real Estate (Regulation and Development) Act, 2016, commonly known as RERA, is a pivotal legislation that protects the interests of homebuyers. Its key provisions include: a) Registration of Projects : Developers must register their projects with the state's Real Estate Regulatory Authority (RERA) before advertising, selling, or promoting them. b) Disclosure of Information : Developers are obligated to provide detailed information about the project,
