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RERA to Bring Relief for Home Buyers Through System Transparency and Reinforced Trust
April 24, 2017
The Real Estate Regulation and Development act, that’s to be implemented on 1st May 2017, is expected to bring a great number of much-needed changes in the real estate industry, and especially make the lives easier for the home buyers.
One of the biggest features of RERA is the requirement of all Indian states to establish their own State Real Estate Regulator Authority which will govern the real estate transactions and handle the disputes within the state. Another major feature is that if a project completion is delayed by a developer, they will have to pay the same interest as the EMI paid by the buyers.
