RealEstateNewsBox

Considering the process of declaration of JP Group Builder's bankruptcy, flat buyers have now made a plea in the Supreme Court for justice. For more than 30,000 investors booked flat in JP Infratech, the September 4th coming next month may be important. The Supreme Court will hear the petition filed on September 4 by flat buyers.

To protect the rights of consumers, the Real Estate Act RERA (Real Estate Regulatory Act) will be applicable from 1 May 2017. With the promise of security of consumers rights and transparency, the much-awaited Real Estate Act RERA is being implemented from May 1, 2017. However, till now only 13 states and Union Territories have notified these rules. While mentioning the implementation of the consumer-centric act, the government has described it as the beginning of an era where the consumer will be all.