RERA: the implications and impacts

The big news for the real estate sector in this year is of Real Estate Regulatory Act (RERA) implemented on May 1, 2017. Passed in 2016, RERA is established as a government body, for both residential and commercial real estate, with redefined rules to increase transparency in the industry. It will also build bridges between the buyers and the developers as “the consumer shall be the king… the queen obviously …