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Real Estate Act brought discipline, transparency: Minister

IANS  |  New Delhi 

of Housing and Urban Affairs Puri on Monday said the 2016 (Rera) has brought discipline, and accountability in the

The (BJP)-led government had got the legislation passed in Parliament to ensure fair practices for protecting the interests of buyers and imposing penalties on errant builders.

Speaking at the "First Regional Workshop on - a New Era of and Accountability in Real Estate" in Pune, the noted that the act fills the existing gaps and attempts to balance the interests of consumers and developers by imposing clear responsibilities on both.

"The NDA government is committed to providing a to the problems of home buyers, so that they get their home as soon as possible," an official release quoted him as saying.

The pointed out that is one of the first states to implement the act, and established the Real Estate Regulatory Authority of

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, September 10 2018. 21:26 IST
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