Real Estate Act

'Realty law to cut litigation, ensure timely project delivery'

A major outcome of the survey is that industry feels that the rule of depositing 70 per cent of sales proceeds in a separate account will help in getting timely delivery of the project and eliminate fly-by-night operators in the real estate

Relief to home buyers: New Real Estate Act comes into force today; builders can't delay projects

The law also makes it mandatory for all residential and commercial projects to register with the Regulator and will apply to new and ongoing projects.

Finally! A consumer-friendly real estate act

The draft Act will, without a doubt, help in consumers making informed decisions on what is almost certainly the most significant investment that they make.