The commission of RERA and thereby regulating the real estate sector has led to great transformation within the market.
With the introduction of Real Estate Regulation and Development Act, 2016, the market condition has completely been changed for Real Estate Sector now.
After the Enactment of Real Estate Regulation and Development, Act 2016, the calculation method for calculating carpet area has been changed.
The RERA is going to override the arbitration clause in the agreement. And keeping the same in view it is advisable to the aggrieved home- buyers that they should reach before RERA
The article lists out the factor affecting the fall in prices in the real estate sector affecting the builders, promoters and buyers as well.