Is India ready for the Real Estate Act?

Mumbai/Bengaluru: The new real estate act, aimed at bringing transparency and accountability to the sector, is set to take effect on Monday across the country even though significant hurdles in implementing the law remain.

Many states are far from ready with the infrastructure and resources to implement it while most builders and real estate agents said they are still struggling to understand the regulations and are in early stages of preparing themselves to comply with the new Real Estate (Regulation and Development) Act (RERA) 2016.


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