• Jay N. Velani
• Jayraj V. Solanki
• Ankit S. Patel

The bill of RERA was passed in the year 2016 to boost the development of housing sector in the country. The real estate sector is regulated by RERA in India. The developers, buyers, and sellers in the sector of real estate have to follow the rules and regulation implemented by RERA. RERA is the legal body that has the power to control construction of estate, buildings, and flats and to control the minimum sell prices of apartment houses. To carry out the study of the impact of RERA on real estate sector, questionnaire war formed with the help of experts of real estate sector. The method of frequency index analysis is used to analyze the data to generate positive and negative impacts of RERA act in India real estate sector. Top 10 factors are identified after analysis of the data from the questionnaire survey that concluded RERA projects are safe which is beneficial for the homebuyers, builders and contractors. In real estate sector, approximately 73% of population working in the sector are fully aware about RERA act. The fraud transactions have been reduced after the implementation of RERA act. The developers are aware that if they want to make any changes in the plan they have to get a written consent from the homebuyers. After the project registration with RERA, the developers have to finish the project within time.

RERA, real estate sector, builders, homebuyers

"IMPACT OF RERA ON REAL ESTATE SECTOR", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 6, page no.f753-f757, June-2022, Available :http://www.jetir.org/papers/JETIR2206595.pdf

"IMPACT OF RERA ON REAL ESTATE SECTOR", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 6, page no. ppf753-f757, June-2022, Available at : http://www.jetir.org/papers/JETIR2206595.pdf