The Real Estate (Regulation and Development) Act, 2016, is an effort to improve customers’ confidence in the real estate sector. It is an initiative to protect customers’ interests, promote fair play in real estate transactions, and ensure timely execution of projects.
Real estate transactions are often complex and involve legal formalities that buyers may not understand until too late. Let’s take an example. Mr. A purchased an apartment in 2012 from a reputed builder, who was supposed to hand it over in 2015.
