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May 22, 2017, 09:30
10 RERA points a buyer must know
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The Real Estate (Regulation and Development) Act or RERA will change the landscape of the real estate sector of India. The initiative aims to empower the consumer through transparency and accountability. The Act will protect the buyers from unscrupulous developers and allow only authentic players in the market. The law is a landmark decision in the real estate sector of India that has been under construction for the past nine years. The Act first came to force on 1st May 2016, with 59 of its 92 sections notified. The rest of the sections were notified on the 1st of May 2017. Below are a few changes that will be evident in the real estate sector due to the passing of the act.

 

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RERA power to the flat buyers. Builder penalties proposed.

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