Kerala Real estate Regulation Act

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07 March

By 2022-23 India is expected to become the worlds third largest construction market. Construction sector plays a pivotal role in the economy . It contributes to employment creation, increase in income and economic development. Providing housing facility to all has been a major objective for all government and also many dream of having an own house . Keralites has many options of housing as there is end number of real estate projects in and around us. The big question is how to choose the best project and 3 question pop up in our mind 1)Is the Builder and project trusted 2)Transparency of dealing 3)On time completion and timely delivery of projects To regulate the real estate sector and to bring professionalism By 2022-23 India is expected to become the worlds third largest construction market. Construction sector plays a pivotal role in the economy . It contributes to employment creation, increase in income and economic development. Providing housing facility to all has been a major objective for all government and also many dream of having an own house . Keralites has many options of housing as there is end number of real estate projects in and around us. The big question is how to choose the best project and 3 question pop up in our mind 1)Is the Builder and project trusted 2)Transparency of dealing 3)On time completion and timely delivery of projects To regulate the real estate sector and to bring professionalism and standardization in this sector The Real Estate Regulation and Development Act 2016 came into effect on May 1st ,2017 . This Act benefits both builders and Buyers by ensuring financial Discipline and transparency . This act aims to reduce project delays and property frauds.

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