10 things you should know about the new Real Estate Act [2016]

The newly enacted Real Estate (Regulation and Development) Act, 2016 (the “Act”), is a welcome and much awaited step towards transparency and effectiveness in the realty sector. The Act intends to regularize the real estate practice by setting up proper legal structure, imposing liabilities and obligations on the developers, in order to protect the interest of buyer’s rights and to bring accountability on the developers for both commercial and residential real estate projects. Here’s a synopsis: Read More