The builders need to upload quarterly status of booked apartments and up-to-date status of the project on authority’s website. The wait is over. The Maharashtra
The Maharashtra RERA has ensures transparency, but has also hits developers hard. As expected, the number of launches dropped in Q1 2017 by 24% with
On May 1, 2017, all 92 provisions of the Real Estate (Regulation & Development) Act, 2016 (Act) were brought into force. The Act has introduced
RERA has been implemented with the purpose of enhancing transparency, mitigating information asymmetry and applying a uniform ‘code of conduct’ for developers across various states.
After RERA we can expect transparency and efficiency in the sector in terms of delays, price, and quality of construction. In addition to this, the
While RERA aims to: (i) promote and regulate the real estate sector, (ii) bring efficacy and transparency in the sale of plots/apartments/units etc., (iii) protect