Govt Looking into incomplete realty projects

Government-of-India-INVC-NEBy Accommodation Times Bureau


The Authority is probing into the matter of a number of Real Estate projects lying incomplete and homebuyers’ money stuck in them, said the government today.

The Real Estate Regulation and Development (RERA) Act, 2016 has already been enacted to safeguard the rights and interests of buyers, it said.

Minister of State for Corporate Affairs P P Chaudhary informed the Lok Sabha in a written reply that, the Act aims at promoting uniformity and standardisation of business practices and transactions in the real estate sector.

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