A Paper on Study about Awareness of RERA Act with Reference MAHARera in Thane City
Creators
- 1. Associate Professor, Arts, Commerce and ScienceCollege, Shankar Nager,Nanded
- 2. Assistant Professor, Sheth NKTTCollege, Mumbai Thane (w)
Description
The Real Estate Sector is one of the giant contributor towards countries GDP and Employment Generation platform. The sector is one of the important and thesecondlargestsource of income.Now –a – day’s realestatesector isexponentially growth in our country. In earlier days there was no proper regulation and protection to interest of Buyers in the0real estate sector. The more fraudulent and cheating activities were happened in real estate sector very frequently. The buyerfaced more issues from the promoter / developer before implementation of the RERA. To regulate the promoters, agents andprotect the buyers the Real Estate (Regulation and Development) Act 2016 was introduced in India. The RERA is a gamechangerintherealestatesector.The study emphasis andinterpretabout MahaRERA act awareness among homebuyer in thane city. RERA act is tool to safeguard interest of the home buyers.There is urgent need of awareness about RERA act among all the allottes.
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