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The Parliament enacted the Real Estate (Regulation and
Development) Act (RERA) in 2016, with the aim of protecting the
rights and interests of consumers, along with the attainment of
uniformity and standardization of business practices and
transactions in the real estate sector. It, inter alia, endeavors
to balance the interests of the consumers and promoters by imposing
certain responsibilities on them. It seeks to establish a symmetry
of information between the promoter on one hand and a purchaser on
other, transparency of contractual conditions, setting up of