Trust deficit between developers and home buyers has been a pressing concern in most cities. Also, there have been several instances of failure to deliver on promises made to home buyers or excessive delays. This resulted in a demand for legislation to protect the interests of the buyer. Thus, to create a single sectoral regulator to regulate the real estate sector, the Real Estate (Regulation and Development) Act (RERA), 2016 was passed by the Indian parliament on 1 May 2016, notifying 56 sections of the Act. However, effective implementation of RERA began only in 2017, with the remaining 32 sections…
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