RERA vs Pre-RERA Era: A Comparison of Real Estate Practices

Ans. RERA applies to residential and commercial real estate projects, including ongoing projects that were started before the introduction of RERA.

Ans. Developers who fail to comply with RERA regulations may face penalties, including fines, imprisonment, or cancellation of their project registration. These penalties vary based on the severity of the violation and the relevant state's provisions.