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An Act to establish the Real Estate Regulatory Authority for regulation and promotion of the real estate sector and to ensure sale of plot, apartment of building, as the case may be, or sale of real estate project, in an efficient and transparent manner and to protect the interest of consumers in the real estate sector and to establish an adjudicating mechanism for speedy dispute redressal and ...
RERA is a part of Dubai Land Resources Department. The agency has its own financial and administrative independence with full legal authority to regulate the real estate sector in Dubai. RERA provides transparence and effectiveness of legal framework , when everyone involved in the property market can conduct a business.
The government took a series of measures to support the industry, including increased regulation and transparency, and establishment of the Dubai Real Estate Regulatory Agency (RERA). [7] Since 2020, during the pandemic, developers have largely refrained from new projects.
RERA may refer to: Dubai Real Estate Regulatory Agency; Ajman Real Estate Regulatory Agency; Real Estate (Regulation and Development) Act, 2016, the regulatory law passed by the Parliament of India; Respiratory-effort related arousal, see Respiratory disturbance index; Rera, a fictional character, the alter ego of Nakoruru; A discontinued ...
The Ajman Real Estate Regulatory Agency (ARRA, ARERA or Ajman RERA) is an Ajman, United Arab Emirates based government regulatory authority responsible for the regulation and licensing of Ajman's real estate market, consumer protection and dispute resolution. However, ARRA does not resolve disputes concerning rent of property units. [1] [2] [3 ...
In Dubai, EJARI is an online registration system initiated by the Real Estate Regulatory Agency (RERA) that requires all rental or lease contracts in Dubai to be recorded at this portal. [1] The main objective of the system is to legalize the relationship between landlords and tenants in Dubai. [citation needed]
A major benefit of registering properties with this Simsari is that it will limit the number of ghost listings in Dubai. It is a common practice of real estate property sellers to list a single property with several brokerage firms with different prices; after registering with Simsari, every real estate agency or agent can is limited to listing each property with three property management firms.
In India FAR and FSI are both used. FAR regulations vary from city to city and generally it is from 1.3 to 3.25. In Mumbai 1.33 is the norm but higher FSI is allowed along the Metro rail line and slum areas like Dharavi. In Bangalore, 40 feet streets allow only an FAR of 1.75 but 100 feet streets allow 3.25 FAR. [citation needed]