[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Lee Jang Ho staff of Kamagroup Pvt. Ltd. Here I have an important INDIA REAL ESTATE news to share with you which is as undermentioned.|
More than two-third of home-buyers will file a complaint against the developer with real estate regulator under the new law RERA for any delay in possession of their flats, according to a survey by Magicbricks.
The Real Estate (Development and Regulation) Act (RERA), which came into effect from May 2017, has brought in a ray of hope and is the first choice for home buyers when it comes to fighting inordinate delays in delivery of their apartments, it said.
As of now, 22 states and six union territories have already notified RERA rules. West Bengal is the only state with its own real estate law - WBHIRA.
Read more at: https://economictimes.indiatimes.com/wealth/real-estate/over-70-home-buyers-will-file-complaint-against-builder-under-rera-for-possession-delays-survey/articleshow/69646675.cms
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