The Real Estate (Regulation and Development) Act, commonly known as RERA act, was introduced in India in 2016. The act aims to regulate the real estate sector and provide transparency to property buyers. It ensures that builders follow certain standards and timelines while constructing and delivering projects. RERA has made it mandatory for builders to register their projects and disclose all necessary information about the project, including project plans, approvals, agreements, and timelines. This has brought increased transparency to the sector, helping buyers make informed decisions.