The Hon’ble bench Division Bench of Justice Mahesh Grover and Justice Lalit Batra after hearing the arguments on behalf of the petitioners have issued notice to Union of India.
RERA Act, 2016 and further with more positive reforms a new face of real estate sector free from all encumbrances will evolve.
Almost 18 months have passed since the enactment and the central government as well as concerned state governments are far from the intended mark of implementation.
RERA has been made as the singular authority to deal with the grievances arising out of the real estate sector but there still exists a question. a brief article on NCDRC or RERA.
The chairman of HRERA Authority at FICCI conference and said that the digitisation of the property records should be improved in order to have transparency in the secondary Real Estate market.
The purpose and the objective for Enacting IBC is different as Compared to RERA Act, which explicitly focuses in resolving land sector disputes.
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.
RERA Act has given legal remedies for the aggrieved home-buyers and also chained the malicious acts of the Developers.
Channel partners are multi-functional persons. They work better than brokers because they give advisory for buying the property and they work more professionally.
In this detailed articled we are sheding some lights on some of the important points decided by UP RERA.