Impact on Real-Estate Developers Pursuant to Implementation of Real Estate Regulatory Act [RERA] 2016: A Review

The Real-Estate sector is one of the most universally acknowledged sectors. In India, Real-Estate is the second highest employer after agriculture and is bound to grow at 30% rate over the next 10 years.  With the growing market of the Real-Estate sector, there is also huge amount of defaulting in the Real-Estate sector and within the Real-Estate sector, With such large investments into land and another project, the developers start losing focus on his ongoing projects and does not manage the project wisely which leads to delay of these said projects with RERA coming into force all the calculations of Real-Estate developers are changed. From now on the Real-Estate developers have to precisely focus on a particular project with RERA coming into force all the calculations of Real-Estatedevelopers are changed from now on the Real-Estate developers have to precisely focus on a particular project.