The Real Estate (Regulation) Act, 2016, the flagship legislation to protect home buyers, has come into force, but its implementation on the ground continues to lag, with the central and state governments equally lax on this front. As of July 31, only four states had set up a full-fledged Real Estate Regulatory Authority (RERA).
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12 Developers, 900 Agents Registered on Maharashtra RERA Site
PUNE: Its been four weeks since the Real Estate Regulatory Authority came into force in Maharashtra, but only 12 projects and 900 agents have so far registered under the new regulatory regime across the state. Three builders have registered in Pune division, eight in Konkan and one
Read MoreRERA Consultants: All you need to know about the Real Estate Act
To regulate the real estate sector, the government has come up with the idea of Real Estate Regulatory Authority (RERA) Bill which is expected to help buyers. RERA is supposed to protect the interest of the homebuyer and ensure timely delivery of projects. Real Estate Regulatory Authority (RERA)
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