ANDHRA PRADESH REAL ESTATE REGULATORY AUTHORITY
Welcome to Andhra Pradesh Real Estate Regulatory Authority. This portal has been developed under section 4.3 of the Real Estate (Regulation & Development) Act, 2016. The department of Municipal Administration & Urban Development, Government of Andhra Pradesh is the nodal department for the implementation of RERA Act in the state of Andhra Pradesh.
All sections of the Real Estate (Regulation & Development) Act, 2016 came into force with effect from 1st May, 2017. The Andhra Pradesh Real Estate (Regulation & Development) Rules, 2017 was approved by Government of Andhra Pradesh and notified on March 27, 2017.
The Real Estate (Regulation & Development) Act, 2016 is considered as one of the landmark legislations passed by the Government of India. Its objective is to reform the real estate sector in India, encouraging greater transparency, citizen centricity, accountability and financial discipline. This is in line with the vast and growing economy of India as in future many people will be investing in real estate sector.
The key objectives of the Act are
The Salient Features of this Act are
It is the endeavour of Andhra Pradesh, India’s Sunrise state, to facilitate the growth and promotion of a healthy, transparent, efficient and competitive ecosystem for Real Estate sector thereby accelerating investments, economic development and most importantly, protecting the interests of the home buyers in the state.
Andhra Pradesh Real Estate Regulatory Authority (APRERA) has been formed as a regulatory body towards achieving this objective and I strongly believe the new framework can act as a catalyst to potentially create world class cities and transform Andhra Pradesh as the most desired place to live in India.
With APRERA, development takes the center stage and it is the firm commitment of my government to create a level playing field for all the stakeholders i.e. Home buyers, Developers, Agents and Investors to achieve my desire to build a "HAPPY STATE".
SRI NARA CHANDRABABU NAIDU
Hon'ble Chief Minister of Andhra Pradesh