RERA Stands for Real Estate Regulatory Authority. The bill of the Parliament of India Act was passed on 10 March 2016 by the Rajya sabha. This act became effective on 1st May 2016. Only 59 sections were notified, and the rest out of 92 were effective from 1st May 2017.

The central aim of RERA is to create a more equitable and fair transaction between the seller and the buyer of properties, especially in the primary market. Also, the main purpose of implementing this act was to protect the home purchasers as well as in order to boom the real estate investments.

What is RERA-Approved Meaning?

RERA approved simply means RERA registered. Approvals, land titles, insurance, etc., are the guidelines that every builder has to follow to register their project.