Real Estate Act (RERA) implemented from May 1

Posted on:02 May 2017 15:05:46
Real Estate Act (RERA) implemented from May 1
02 May 2017 Current Affairs:

  • The long Awaited Real Estate (Regulation and Development) Act, 2016 (RERA)  will be implemented from May 1.

  • The Act specifies that all existing projects must be registered with the state's regulatory authority by July 2017, and that no new project can be launched without this registration.

  • This enables the buyers to enforce their rights and seek redressal of grievances after such registration.


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