What role do property developers play in the RERA framework?

Property developers play a crucial role in the RERA framework as they are required to adhere to RERA guidelines. These guidelines are instituted to ensure transparency, accountability, and protection for both the buyers and the developers themselves. By following these regulations, developers contribute to a well-structured real estate market, which enhances investor confidence and promotes fair practices.

The compliance with RERA guidelines involves obtaining necessary approvals, following project timelines, and maintaining certain quality standards in construction. This ensures that the developments are not only profitable but also meet the legal and safety standards expected within the real estate sector.

While conducting market research, providing funding, and setting rental prices are important activities related to real estate, they do not directly capture the overarching responsibility of property developers within the RERA framework. The primary obligation is indeed to align their practices with the established guidelines, which ultimately fosters a regulated and secure environment for all stakeholders in the real estate market.