It’s been almost a year since the Real Estate Regulatory Act (RERA) was passed by Parliament. Since then we’ve seen the rules being notified by the central government and a few of the states, with a nationwide roll out deadline of 1 May 2017, which is not too far away.
Once the state regulatory authorities are set up, we expect to see information posted by developers on their websites . These might vary from state to state as their governments have framed rules which although follow the central government guidelines but have been tweaked as per their considerations.
From a prospective buyer’s point of view, the availability of developer and project information on a RERA website will be useful in many ways.
Read full story here- http://www.livemint.com/Opinion/X4szYWJVAongCaVpVZcd0J/How-Real-Estate-Regulator-will-impact-the-way-you-buy-a-hous.html
