- Category: Miscellaneous
- #600656I do not think that the recent act made by the center to protect the interest of buyers has made any significant effect on the customers because those who are already in the real estate business and project development, they are already having their clients and their recommended customers who are having confident and faith even in the old set up. By the way the center brought the new RERA act to keep away the non experienced, non performing so called real estate persons who boast many promises and deliver nothing. The new rule does not affect the professional builders so far and no complaints even from buyers.
'Idhuvum Kadandhu Pogum "
Even this challenging situation would ease
- #600704As mentioned by Mr. Mohan, we are not finding any effect of this RERA. The people are same. Their skills are same. They have faith on each other. Hence things are going on the same way.No much difference. At the same time it is too short a time to see the difference. After demonetization lot of reduction was there in this area. No much transactions. Slowly it has started moving. Even now the activities are not at their full swing. But with this act, double registrations and selling non existent lands may get reduced. For persons who transact everything as per the law may not have any problem. But others should be careful.