For many years, people in India faced issues with builders and developers when buying a house. The Government of India decided to put an end to the pressing problems in the real estate sector and introduced the Real Estate Act, 2016 to help and support people buying homes in the country. The bill could also boost real estate investments. RERA establishments were formed in each state with an objective to regulate the real estate sector and these agencies acted as an adjudicating body who dealt with any redressals.
Many states in India accepted RERA quickly as soon as it was approved. Initially, West Bengal missed the deadline to implement RERA in the state. The West Bengal Government did not agree with certain terms that were defined by RERA. So, they have redefined the terms and added rules in a draft proposal which will be submitted for approval to the RERA committee.
RERA By Top States/Cities
In 2017, the West Bengal Housing Industry Regulation Bill was passed by the State Assembly. RERA West Bengal is now all reared up to regulate the real estate sector in the state.
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