Real estate buyers set to become king as RERA comes into force today

Only 13 states and union territories have so far notified rules

The much-awaited Real Estate Act comes into force on Monday with a promise of protecting the right of consumers and ushering in transparency but only 13 states and union territories (UTs) have so far notified rules.

The government has described the implementation of the consumer-centric Act as the beginning of an era where the consumer is king.

Real estate players have also welcomed the implementation of the Act, saying it will bring a paradigm change in the way the Indian real estate sector functions.

The government has brought in the legislation to protect home buyers and encourage genuine private players.

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