Here's What You Should Do If Your Builder Delays Project Citing Demonetisation
Автор: The Financial Express
Загружено: 2016-12-14
Просмотров: 53
Описание:
The Modi government’s demonetisation drive looks to have taken its toll on real estate too. First, sales were hit and now some developers have again started delaying their projects, citing the reason of demonetisation and its huge impact on the sector. Industry observers, however, say that this is only a temporary phase and there is not much to worry. Experts also say that developers who have a track record of giving delivery on time are least affected by demonetisation. Whatever be the case, the fact is homebuyers are getting affected as some builders have again started delaying their projects. For such home buyers, the Real Estate (Regulation & Development) Act (RERA) is most likely to be a saviour as such cases will be governed under its provisions after it gets implemented. In fact, RERA – to be implemented across India from April 2017 – will protect home buyers against delays in projects as also result in quick resolution of any disputes.
Read More: http://www.financialexpress.com/econo...
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