Real Estate Regulator Seek More Power to Attach Projects of Unreliable Builders
Depressed with builders, the regulators are possible to seek more power under the law to enable them to attach unsold inventories of builders to make them come in line and find directions to finish projects.
RERA Authorities from across states have come together in Lucknow and push for revisions in the Real Estate Regulation and Development Act (RERA) to provide them more power, particularly to carry out instructions passed by them.
“This is the first time there is a concerted effort to identify issues, discuss them and also make recommendations to the government. The main focus is on how to strengthen the system,” said one of the regulators.
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