buyers only had the option to rely upon the deceiving marketing stunts of the developers which all were only endorsing the commitments and freebies which they never intent to give in reality.
The Gurugram, HRERA Authority it has recently been constituted in the month of Feb and in March it started the hearing process.
Both the IBC and RERA have the provisions where the probability for the conflict in their operations are very high.
An article about how the implementation of the RERA Act has deeply affected the recovery of the Indian Real Estate market as it is bearish for last 5 years.
Since the implementation of Real Estate (Regulation and Development) Act, 2016 we have witnessed a drastic change in the grievance redressal systems of the aggrieved home-buyers.
The Maharashtra RERA in its ruling shed some light on the refund of booking amount as in its order the authority directed the developer to give back the booking amount.
Employees’ Provident Fund Organization (EPFO) has change the rules already fixed for claim withdrawal, giving great relief to its 5 crore shareholders
The growth of Real Estate Sector, Implementation pf RERA, Slow growth in Real Estate Sector after the RERA implementation.
OSP stands for “other service providers” license registration. To acquire a OSP Registration in India, it is mandatory for the entity to be a Private Limited Company.