How Is RERA Going To Impact Real Estate Buyers?
What Is RERA (Real Estate Regulatory Act) The Real Estate (Regulation and Development) Act is an act passed by the Indian Parliament. The RERA seeks to protect the interests of home buyers and also boost investments in the real estate sector. The Rajya Sabha passes the RERA bill followed by Lok Sabha and then comes into force. Under the ACT, the central and state governments are required to notify their own rules, on the basis of the model rules framed. For long, home buyers have complained that real estate transactions were lopsided and heavily in favor of the developers. RERA…
