Minister of State (Independent Charge) for Housing and Urban Affairs, Hardeep Singh Puri inaugurated the first regional workshop on RERA (Real Estate (Regulation and Development) Act) in Pune. Mr Puri delivered the inaugural address at the “First Regional Workshop on RERA – a New Era of Transparency and Accountability in Real Estate – 2 years of implementation and way forward (Western Region)” in Pune.
About Real Estate Regulatory Authority (RERA) in Brief:
It was launched in 2016 is aimed at consumer protection, by creating an online system for information sharing in the real estate sector. It allows states to set up the Regulatory Authority and the Appellate.
Source- Press Information Bureau (PIB)
Static/Current Takeaways Important for Indian Bank PO Exam 2018-
- Maharashtra is one of the first states to implement the provision of RERA.
- It has also established the Real Estate Regulatory Authority of Maharashtra, which is popularly known as MahaRERA.