It is clearly seen that The Real Estate Regulatory Act (RERA) will gradually bring in the much-needed limpidity in real estate dealings to improve the confidence of homebuyer. Over The concern of RERA coming, Builders of Delhi/NCR have started adapting and reworking on builder-buyer agreements.
Developers are also working on setting up accurate time frames for delivery of possession to evade stern penalties under RERA. This tells the importance of RERA. RERA will help in excluding unreliable or untrustworthy developers or builders. RERA has forced developers to adopt RERA rules in a gradual manner. Expert developers are making sure that they are RERA-yielded before the act comes.