Real Estate Act Will Come Into Force On 1st May
May 1st, 2017
The Real Estate Regulatory Act, which promises to protect the rights of home buyers and bring in transparency to the sector, comes into force 1st May. Though only 13 states and Union Territories have notified the rules so far, the center believer that within next two months, others too will follow suit. Real estate developers shall get on going projects that have not received with regulation authorities by July end. This enables the buyers to enforce their rights and seek redress.