RERA is the Authority established under the Real Estate Act for the Regulation and promotion of the Real Estate sector and to ensure sale of plot, apartment of building, as the case may be or sale of Real Estate project is done in an efficient and transparent manner and to protect consumers in the Real Estate sector.
Real Estate can otherwise be considered a new branch of property law. Legal accuracy in Real Estate include thorough fool-proofing of documents such as drafting title reports, contracts, sales-deeds, translation of documents, preparation of risk issues, arbitration, registrations, contracts, power of attorney, lease deeds, RERA act and Banking.