August 26, 2017
Every game has a referee to ensure fair play. A regulator's job is similar to referee's i.e. not only to manage and normalize the situation but also to ensure that all the players play according to the rules. With Real Estate Regulation and Development Act 2016 (RERA), real estate got its referee. In effect from May 1, 2017, RERA has changed the whole dynamics of the real estate industry in India. With every passing day, the state is getting more active, the sector is getting more regulated, and the buyers are getting more confidence.