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Monday, May 01, 2017

Only 13 states had notified their final Real Estate rules..!


By on Monday, May 01, 2017

Only 13 states had notified their final Real Estate rules..!

Real Estate Regulator
The law to protect interests of home-buyers and regulate the Indian real estate sector may end up as another lame legislation without enough power.
Till Monday May 1, 2017, only  13 states and Union territories had notified their final rules, and most have diluted key provisions of the law. Each state and UT will have its own Regulatory Authority (RA) which will frame regulations and rules according to the Act. 
Few states such as Odisha &  Bihar have notified rules that are completely in sync with the one notified by the Union Ministry of Housing and Poverty Alleviation
Below is how many states have diluted an otherwise powerful law:


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