The Real Estate (Regulation and Development) Act, 2016 (RERA) was passed by parliament and notified by the states to protect the interests of home buyers and ensure that builders maintain
Such agreements between builders and homebuyers will make settling disputes easier and faster, but won’t solve problems such as unclear titles and financially undisciplined builders
The homebuyers declined to pay the additional cost and on the contrary demanded interest along with compensation for the delay in handing over the possession of the flat.
While the Indian Constitution is fundamentally important at all levels of Indians lives today, we should also remember that it has played a significant role in shaping the country s housing market. Republic Day Special.
Homebuyers apex body FPCE has written a letter to West Bengal Chief Minister Mamata Banerjee, urging her to take necessary steps to make real estate law RERA functional in the state within one month.