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Regulating the middleman as well

DNMUM390363 | 6/10/2017 | Author : Aradhana Bhansali | WC :351 | Business & Economy

POLICY INSIGHTS: There are important aspects of RERA regarding brokers that homebuyers should be aware of
DNA PROPERTY

The Real Estate (Regulation And Development) Act, 2016 (RERA) is a statute to establish the Real Estate Regulatory Authority for regulation and promotion of the real estate sector and to ensure sale of plot, apartment or building, as the case may be, or sale of real estate project, in an efficient and transparent manner and to protect the interest of consumers in the real estate sector and to speedily redress the disputes. RERA provides the dos and don’ts for brokers and agents. No longer will buyers be coerced to buy project with infirmities and tainted titles as RERA prohibits agents/ brokers from making any statement they know or believe to be false.
Further, Section 62 of RERA makes such an act of an agent punishable if he f
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