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RERA is constitutional, valid and legal, says HC

DNMUM402537 | 12/7/2017 | Author : Mustafa Plumber | WC :463 | Business & Economy



Mumbai: There’s good news for home buyers as the Bombay High Court on Wednesday upheld the constitutional validity of the Real Estate (Regulation and Development) act, 2016 (RERA)and the authority formed under it.
A division bench of Justice Naresh Patil and Justice Rajesh Ketkar, in their 330+ page judgement, upheld various provisions of the act and the Constitution of the Maharashtra RERA authority. It said, “RERA is not a law relating to only regulating concerns of the promoters but it’s object is to develop the real estate sector, particularly the incomplete projects, across the country. The problems are enormous and it’s time to take a step forward to fulfill the dream of the Father of the Nation — To wipe out tears
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