Welcoming the Bombay High Court's decision to uphold the constitutional validity of the Real Estate (Regulation and Development) Act, 2016 (Rera), the developers said the industry is no longer skewed against the buyer and the playing field is now equal. The realty sector players said that Rera was crucial to protect the interests of flat buyers across the country and develop incomplete projects. "Rera gives the re­quired confidence to the buyers to in­vest in real estate. With Rera, the industry is no longer skewed against the buyer, the playing field is equal," Das said. According to Nirmal chairman and managing director Dharmesh Jain, the HC judgement will only strengthen the real estate fraternity further.

Source: dna December 08, 2017 01:22 UTC