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RERA: A law under construction


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The real estate (regulation and Development) Act (RERA) turned a year old on May 1. The establishment of real estate regulators was meant to address the grievances of home buyers, such as delays in projects. However, the implementation of the Act across India’s 28 states (the law is not applicable in Jammu & Kashmir) and seven Union Territories (UTs) is nowhere close to its desired goal:

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