RERA is responsible for approving projects and monitoring their completion percentages. This is done through periodic reports and inspections to ensure that construction progress matches the developer�s claims. The completion percentage is a critica…
RERA is responsible for approving projects and monitoring their completion percentages. This is done through periodic reports and inspections to ensure that construction progress matches the developer�s claims. The completion percentage is a critical factor because it determines a developer's right to terminate contracts and retain funds if a purchaser defaults. By accurately monitoring these milestones, RERA protects both the investor's equity and the market's overall transparency and health.
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