India News: NEW DELHI: The real estate regulation law, RERA, has failed to meet the expectation of scores of homebuyers whose investment were stuck in ongoing pro.
NEW DELHI: The Supreme Court on Tuesday striking down the WB-HIRA, the West Bengal’s own real estate regulation law, and terming it as “unconstitutional” have come as a big win for the pan-Indian home buyers body that had fought for one law for the country, RERA. While Real Estate Regulation Act (RERA) was enacted by the Centre in 2016, the West Bengal government had notified its own law, WB-HIRA.
The Forum for People’s Collective Efforts (FPCE), which was earlier known as Fight for RERA, had challenged the West Bengal legislation in the Supreme Court claiming how the state law was contrary to the constitutional provisions and did not have adequate provisions to protect the home buyers.
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