Belying apprehensions in many quarters, the implementation of the Real Estate Regulatory Act (RERA – w.e.f May 1, 2017) and later its state-level avatars, has done a world of good to the entire realty sector — one of the biggest revenue grosser in the country, a top expert said. Earlier, the building industry was considered the domain of the ‘mafia, thugs and goons’, but after the dawn of RERA, a certain level of respectability has been bestowed, lighting up the faces of the builders, buyers, financiers, international players, and other stakeholders.
https://www.freepressjournal.in/business/rera-is-a-tough-watchdog-needs-sharper-teeth-expert
Source: The Free Press Journal
