|
| Search for Cases |
|
Case Details |
|
Case Code: LAW009
|
| Case Length: 12 Pages |
| Period: 2006-2016 |
| Pub Date: 2017 |
| Teaching Note: Not Available |
| Price: Rs.400 |
| Organization :Real Estate (Regulation & Development) Act, 2016 |
Industry : Real Estate.
|
| Countries : India |
| Themes: Regulation of Real Estate Sector
|
|
|
|
|
Real Estate Act, 2016- Protecting the Interests of Home Buyers? |
|
|
|
|
| <<Previous Page |
INTRODUCTION |
| |
On March 15, 2016, the Indian Parliament passed the much awaited Real Estate (Regulation and Development) Act, 2016 (Real Estate Act, 2016), aimed to regulate and improve the efficiency of the real estate sector. Speaking on the occasion in Parliament, the Union Minister for Housing & Urban Poverty Alleviation, M. Venkaiah Naidu (Naidu), said the passage of the Act was a boon to the nation. He said the new Act would ensure that the common man’s desire for owning a house without any constraints would be fulfilled (Refer to Exhibit-I for Key Provisions of Real Estate Act, 2016).
The real estate sector in India was characterized by uneven delays in the completion of projects, lack of quality in construction work, and unanticipated escalations in construction costs. Besides, the buyers faced many legal and regulatory hassles in the construction process and finally ended up accepting a low quality product and facing legal challenges.
|
| |
 |
| or |
 |
| or |
PayPal (9 USD)
|
|
|
| |
|
| |
| NEED FOR URBAN HOUSING - Next Page>> |
| |
|
| |
|
|
|
