The Real Estate (Regulation and Development) Act, 2016, was a paradigm shift for the real estate sector of India. When the Real Estate (Regulation and Development) Act, 2016 (RERA) was enforced, numerous home buyers, apprehensive of seeing real estate projects getting stalled and hearing news of other related scams, breathed easy. At that juncture of time, there was a dire need for a solid regulatory mechanism over the real estate development to keep the faith of homebuyers’ intact in the real estate sector. Annuj Goel, MD, Goel Ganga Developments, shares his knowledge on how five years of RERA has changed the approach of the real estate sector.

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