The year 2017 will be
significant for homebuyers harassed for years because of property sale agreements
lopsided in favour of developers, violation of building rules and delayed home
delivery. The consumer-friendly Real Estate Regulatory Act (RERA), which kicks
in from May 1, has pushed developers to sign agreements with buyers and take
other initiatives which they claim are RERA compliant.
Mr. Sumit
Jha, CEO, NIREM says that developers are putting up special RERA compliance
teams to monitor projects and ensuring timely completion of projects, training
sales professionals on customer interface post RERA and upgrading their
agreement to sell. Read more at http://www.hindustantimes.com/real-estate/developers-scramble-for-real-estate-act-compliance-but-buyers-remain-sceptical/story-ixAlP94x4d8ZnFiHJJ2bpL.html
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