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ARTICLE · 18 JULY 2017

Real Estate (Regulation And Development) Act : A Step Ahead From Existing Regime

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In continuation to our earlier write up on Real Estate (Regulation and Development) Act 2016 or RERA, covered in May 2017 issue (Volume X Issue V) of the Indian Legal Impetus, ...

IndiaReal Estate and Construction

In continuation to our earlier write up on Real Estate (Regulation and Development) Act 2016 or RERA, covered in May 2017 issue (Volume X Issue V) of the Indian Legal Impetus, we hereby further discuss other crucial aspects of RERA which make this piece of legislation very important in the current times.

It is not wrong to state that the real estate sector was in a state of limbo since very long until the coming up of RERA as there were no authority who kept supervisory and administrative control on this industry. As a result, in most of the cases, the builders got undue benefits against the customers who held a very weak ground due to weak bargaining power and entanglement in onerous contractual documentation.

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