Purchase of property in India falls under The Real Estate (Regulation and Development) Act, 2016 or RERA. The Act and the body under it, the Real Estate Regulatory Authority (also called RERA) governs the development, marketing and sale of real estate projects. It was established with the aim to protect the interests of buyers in the real estate sector. It established a mechanism for speedy dispute redressal through the Real Estate Regulatory Authority and the Appellate Tribunal. It also mandates the compulsory registration of projects and key players in the real estate sector. The biggest impact that RERA has had has been to standardise and simplify the purchase of property across the country. It also made registration of all property compulsory under a regulatory authority.