The Real Estate Regulatory Authority (RERA) Act serves as a robust barrier against real estate fraud by enforcing stringent regulations. It mandates project registration, ensuring transparency and accountability. Developers are required to deposit funds in an escrow account, preventing misuse. Furthermore, penalties for project delays deter fraudulent practices. Through these measures, the RERA Act establishes a framework that promotes transparency, financial integrity, and timely project completion, effectively safeguarding homebuyers from potential fraudulent activities in the real estate industry.
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