The Real Estate Act is a potential game changer2 min read . Updated: 01 May 2017, 07:09 PM IST
Real Estate (Regulation and Development) Act 2016, or RERA, will have a far-reaching impact on builders who will need to recalibrate their business practices to stay relevant
Real estate, widely considered to be a major asset class, has been traditionally plagued with opaque practices, information asymmetry, and a muddled regulatory framework in India. One of the frequently cited reasons for the current slowdown in residential sector is the trust deficit between customers and developers.
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