India: Provisions in RERA are draconian and arbitrary
The government has set a three-month deadline starting May 1 for all state governments to appoint a Real Estate Regulatory Authority. This is fine, having notified the new law to ensure fair trade practices in the real estate sector in its entirety. But why treat real estate developers like smugglers? The penal provisions for failure to comply with the law are draconian and arbitrary. Read more on: blogs.economictimes.indiatimes.com
Source : India: Provisions in RERA are draconian and arbitrary