What is a real-estate project under RERA?
RERA defines a real-estate project broadly around development of buildings, apartments or plots for sale, including related common areas, development works and appurtenant rights described by the Act.
Why this matters
- Helps users understand what kind of development the Act is discussing.
- Provides context for project registration and disclosure requirements.
Why the project definition matters
Registration, disclosures and many promoter obligations attach to a real-estate project as defined by law. Users should verify the specific project and phase on the relevant RERA portal because registration and disclosures can be phase-specific.
Investor Setu perspective
The first step in evaluating a property opportunity is to identify the exact registered project or phase and its official record.
Sources
The Real Estate (Regulation and Development) Act, 2016
