RERA
Approvals
In one line
The Real Estate (Regulation and Development) Act, 2016, and its state authorities.
RERA requires projects above a threshold size to register before being marketed, to disclose carpet areas and timelines, and to hold buyer money in a dedicated account. Each state runs its own authority and its own registration portal.
Related words
Carpet area
The usable floor inside the walls — what you can actually put carpet on.
Occupancy Certificate (OC)
The authority's confirmation that a completed building may be occupied.