In response to a PIL, the Bombay High Court instructed urban planning authorities in Maharashtra to link their official websites with the Maharashtra Real Estate Regulatory Authority portal within a period of three months. The Court said that the integration is imperative for establishing a streamlined process for verifying the authenticity of certificates submitted in real estate registrations, as envisaged under the RERA Act
A report commissioned by NITI Aayog, titled “Economic Impact of Select Decisions of the Supreme Court and National Green Tribunal”, has estimated that during the three years from mid-2018 to mid-2021 at least around 75,000 persons were adversely impacted and around 16,000 workers lost their jobs.
The Real Estate (Regulation And Development) Act, 2016 advocates the formulation of a model builder-buyer agreement, which is to act as a legal safeguard for upholding the rights of homebuyers.
Buying a property is everybody’s dream right this moment. Because of urbanization and restructuring of the joint household system, all people feel the necessity to buy property in right this moment’s instances.