RERA
The Real Estate (Regulation and Development) Act, an Indian law intended to regulate the real estate sector and protect homebuyer interests. It requires developers to disclose project information on a carpet-area basis and to register projects with the regulatory authority before marketing or selling units.
Timeline (last 90 days)
Khoj is an open-source project that models the entity relationships in RERA filings, company records, court records, and land records as a graph, and uses graph algorithms to compute risk scores for real estate projects along relationship paths.
The RERA registration status of the Godrej Global Business City Noida project is 'coming soon', meaning the project has not yet obtained legal sales qualification.
RERA stands for Real Estate (Regulation and Development) Act, 2016, which was enacted in 2016 and formally implemented in 2017.
RERA requires that all residential projects involving more than 8 apartments or an area of more than 500 square meters must complete registration with the RERA authority established in each state before they can be sold or advertised.
RERA stipulates that developers must deposit 70% of pre-sale proceeds into a dedicated escrow account, to be used exclusively for project construction.
RERA mandates that developers disclose information using Carpet Area, which refers to the actual usable net area within the walls, as distinct from built-up area and super built-up area.
All Facts (6)
Khoj is an open-source project that models the entity relationships in RERA filings, company records, court records, and land records as a graph, and uses graph algorithms to compute risk scores for real estate projects along relationship paths.
50%UnverifiedThe RERA registration status of the Godrej Global Business City Noida project is 'coming soon', meaning the project has not yet obtained legal sales qualification.
50%UnverifiedRERA stands for Real Estate (Regulation and Development) Act, 2016, which was enacted in 2016 and formally implemented in 2017.
50%UnverifiedRERA requires that all residential projects involving more than 8 apartments or an area of more than 500 square meters must complete registration with the RERA authority established in each state before they can be sold or advertised.
50%UnverifiedRERA stipulates that developers must deposit 70% of pre-sale proceeds into a dedicated escrow account, to be used exclusively for project construction.
50%UnverifiedRERA mandates that developers disclose information using Carpet Area, which refers to the actual usable net area within the walls, as distinct from built-up area and super built-up area.
50%