Bombay High Court verdict confirming the constitutional validity of RERA has invited mixed reaction from the developer community. However, housing experts have welcomed the court's verdict in the interest of house buyers. On Wednesday, Bombay HC rejected the pleas of certain developers challenging the validity of the RERA act. Most of the city was built by small and unorganized developers," said Arvind Goel, of CREDAI-MCHI, Navi Mumbai. On the other hand housing experts have come in support of the order and have affirmed that the developers need not worry.
Source: dna December 07, 2017 01:18 UTC