The new law to regulate realty sector will bring transparency in the property market and reduce litigation while ensuring timely delivery of projects and eliminating fly-by-night operators, says a survey.
The FICCI-Grant Thornton survey report recommended that the compliance of this Act should not become one more layer of approvals to be obtained and rather should ease out entire approval process.
The Real Estate (Regulation and Development) Act, 2016 was passed by the Parliament in March this year and the law came into force from May.
IndianBureaucracy.com wishes the very best.