Volume : VI, Issue : IX, September - 2017

Real Estate Law in India: A Savior of the Homebuyers

Dr. Deepika Bhatnagar

Abstract :

 The real estate sector had largely been unregulated from the perspective of consumer protection. Though, consumer protection laws were available, the recourse available therein was only curative, but not preventive. This had affected the overall potential growth of the sector due to absence of professionalism and standardization. But now, an Act called “The Real Estate (Regulation and Development) Act, 2016 or RERA has been promulgated to rescue homebuyers. With the advent of RERA gone are the days for the fly–by–night operators, gamblers, developers, builders, property owners, fraudsters, cheaters and easy money makers, to fleece and loot the home buyers. The intent of RERA is loud and clear – satisfaction of homebuyers and providing them value for their money.

The main purpose of this paper is to depict the problems of homebuyers and to high light the chief characteristics of the Act from buyers perspectives.

Keywords :

Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Dr. Deepika Bhatnagar, Real Estate Law in India: A Savior of the Homebuyers, INTERNATIONAL JOURNAL OF SCIENTIFIC RESEARCH : Volume-6 | Issue-9 | September-2017

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