To print this article, all you need is to be registered or login on Mondaq.com. The Parliament enacted the Real Estate (Regulation and Development) Act (RERA) in 2016, with the aim of protecting the rights and interests of consumers, along with the attainment of uniformity and standardization of business practices and transactions in the real estate sector. It, inter alia, endeavors to balance the interests of the consumers and promoters by imposing certain responsibilities on them. It seeks to establish a symmetry of information between the promoter on one hand and a purchaser on other, transparency of contractual conditions, setting up of