RERA Act, 2016 has been introduced which has provided a big relief and established separate authority to attend the grievance in real estate sector. Let’s understand the RERA laws and grievance redressal system in Gujarat.
In recent time, we have heard a lot about real estate frauds and irregularities in Noida, UP. Some of the builders has applied for insolvency.
This article is going to shed some light on the list of the frauds by the builders. These frauds have become the front pages’ news and buyers are now in fear that what if they face the same issue.
The State Government of Uttar Pradesh has beefed up to provide abetment to the bankrupt homebuyers who have invested their life’s saving.
Buyers will get a more transparent property search, sourcing and purchase experience with the legislation being followed in letter and spirit.
Builders are already saddled with under construction projects and will face tough times in bringing them under RERA, complying with new norms, arranging funds that they would have already diverted and then completing those within the new agreed time period.
The government has described the implementation of the consumer-centric Act as the beginning of an era where the consumer is a king.
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