Property buyers will have a forum to redress their grievance with the state government today announcing the formation of a regulatory authority and an appellate tribunal to regulate the real estate sector under the Real Estate (Regulation and Development) Act, 2016.
Urban development minister Pushpendra Singh Deo told the Assembly today that in keeping with the central act, the Real Estate Regulatory Authority and the Real Estate Appellate Tribunal would be formed in the state. Yesterday, the state cabinet had approved the proposal to implement the act in the state.
The formation of the regulatory authority would help homebuyers lodge grievances against any real-estate agency, while the tribunal will facilitate resolving such complaints.
Read more: The Telegraph