RERA: An Elixir for Real Estate Sector

ON December 8, 2014, home buyers in the NCR (National Capital Region) staged a massive rally at Jantar Mantar, New Delhi against majority of builders operating in the NCR region. Since then there have been multiple protests, petitions and pleas against the realtors or home builders. The main concerns raised by the home buyers while protesting or filing petition are delay in possession, quality of construction, huge difference between promised infrastructure and delivered, diversion of funds to other projects and many more. In addition, the administration also realised that the real estate sector was abuzz with fraudulent builders, promoters who did not have land anhttp://www.gfilesindia.com/rera-an-elixir-for-real-estate-sector/d were fleecing buyers with pre-launch offers and many more.

http://www.gfilesindia.com/rera-an-elixir-for-real-estate-sector/

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About gfilesmagazine

gfiles is the country's first independent magazine written, designed and produced for India's civil services—the vast and formidable network of bureaucracies and public sector organisations that provides continuity and stability to this nation's governance.
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