RERA or the Real Estate (Regulation and Development) Act has been implemented across the nation on May 1st, 2017. The National Capital Territory of Delhi and its neighbouring areas, prominently Faridabad and Gurugram of Haryana and Noida and Ghaziabad of Uttar Pradesh which together form the National Capital Region are bound to be impacted by the rollout of this act.
RERA’s influence combined with the GST’s impact is expected to have a positive sway on the Central National Capital Region’s real estate market. Let’s have a look at the Delhi RERA rules along with the RERA rules of the states of the chief areas of NCR (i.e. Haryana and Uttar Pradesh) below:- [Read more…]