Real Estate: Refunds, A Relief Guaranteed Under Up-rera, Eludes Many Homebuyers | Noida News
How effective are Rera recovery certificates (RC), which are meant to bring relief to tormented homebuyers?
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How effective are Rera recovery certificates (RC), which are meant to bring relief to tormented homebuyers?
In Noida, the largest real estate market in UP and also one with most of its problems – mainly of delayed deliveries and incomplete projects – only 5% of RCs issued by the real estate ombudsman since 2018 have been recovered.
The Supreme Court on Monday asked Chief Secretaries of all the States and Union Territories to respond to the queries raised by the Central government on the implementation of Real Estate (Regulation and Development) (RERA) Act, 2016 rules in their jurisdiction.
Homebuyers expect the implementation of realty law RERA to improve following the Supreme Court's recent direction to Centre to study states' rules