Are you planning to buy a home? Hold on for a bit. The Real Estate (Regulation and Development) Act, which protects the interest of home buyers will come into force on May 1. Experts say that this new law will reshape the entire real estate sector.
Until now, the real estate sector was largely unregulated in India. For complaint against a developer, a consumer would have to knock at the doors of civil or consumer courts, to no avail.
However, things are about to change. The Real Estate Act (RERA) aims to put real estate mafiasm to an end and