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ARTICLE · 20 SEPTEMBER 2018

RERA- Haryana: Withdraw Certifications To Incomplete Projects

S.S. Rana & Co.
S.S. Rana & Co.
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Improvement in opportunities and the growing scale of economy in the country has elevated India to emerge as one of the favourable destinations for carrying out business.

IndiaReal Estate and Construction
S.S. Rana & Co. Advocates
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Improvement in opportunities and the growing scale of economy in the country has elevated India to emerge as one of the favourable destinations for carrying out business. This has led to rise in the real estate sector as well. It is one of the major sectors dominating the argo-based economy of the nation. With increasing Gross Domestic Product, real estate has expanded the scope in residential as well as commercial arena.

Regulatory framework governing Real Estate

In order to promote the real estate sector and to ensure sale of plot, apartment or building, or sale of real estate project, in an efficient and transparent manner to protect the interest of consumers in the real estate sector and to establish an adjudicating mechanism for speedy dispute redressal, the Government has enforced the Real Estate (Regulation and Development) Act, 2016 (hereinafter referred to as the "Act"). The Act has also established the Real Estate Regulatory Authority

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