 "real estate, flats")
West Bengal's real estate developers -- registered under the state's West Bengal Housing Industry Regulation Act (HIRA) -- are all consumed by one question: whether or not the Centre's Rs 25,000 crore bailout package for the realty estate sector will apply to them.
The West Bengal government enacted its own version of the Real Estate (Regulation and Development) Act (RERA), the West Bengal Housing Industry Regulation Act (HIRA) in 2017, the only state to do so, and the Housing Industry Regulatory Authority came into effect on June 1, 2018.
The apprehension in the sector is that the state's own Act
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