Can the real estate regulator control agents?6 min read . Updated: 17 Jun 2016, 05:06 AM IST
The real estate Act has provisions to better agents' service. However, it needs to be implemented strictly
Manish Vashisht, 41, an assistant finance manager, works with one of the big four accounting companies in Gurgaon, Haryana. He booked a 2-bedroom-hall-kitchen apartment in an upcoming residential project in Noida in December 2013, through a real estate agent, for 3 lakh (10% of the apartment cost). But after that, for one year, he did not receive any further demand from the developer. His agent told him that due to some issue, construction of the project was delayed, so there was no demand. The agent then told Vashisht that the same developer had launched a new project in a nearby location, and that if Vashisht wanted he could transfer his booking.
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