The central government has signified on the fact the RERA bill does not intends to choke anybody’s work. After formulating a compact and affective real estate authority, the government is now looking to join loose ends so that buyers don’t face any further problems. At the same time, the authority will look to encourage the role of builders, agents and everybody in the private sector so that the realty sector gives a boost to the economy. For this, it is important to make guidelines which are in everybody’s interest. A balanced framework of rules is what the government is structuring in each state RERA.
Not a “Strangulation” but a Regulation: Centre on RERA