The Real Estate (Regulation and Development) Act, 2016 will come into effect from Sunday. It has set in motion, the process of making necessary operational rules and the creation of institutional infrastructure for protecting the interests of consumers. Earlier this week, the Ministry of Housing and Urban Poverty Alleviation (HUPA) notified 69 of the total 92 sections of the act […]

“Passage of the Real Estate Regulatory Act by both houses of Parliament paves the way for a well-deserved and long overdue legislation for safeguarding the rights of consumers.” The real estate regulatory bill will safeguard the rights of consumers against delays in completion of housing projects, industry body CII said on Wednesday and sought single-window and time-bound approval system for […]