Wednesday, October 4, 2017

MODIFICATION AND AMENDMENT TO RERA-SALE AGREEMENT-KARNATAKA

The State Government, in a bid to rationalise and provide safety to the buyers of the property, has reviewed the contents and its impact of the Sale Agreement, which was notified earlier may come out with another set of conditions to safeguard the interests of the consumers/buyers.

But, has miserably failed to address the issues faced by the buyers, in spite of the complaints.  It is also felt that the complaints have not been properly redressed.  

As the RERA is still in its infancy stage, might need some more time to get ready with its arms to solve the issues faced by the buyers.

Hope, RERA might definitely a good law for the safety of the investments and transparency in the real estate transactions.

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