Kerala Real Estate Regulatory Authority to bring transparency in real estate sector
Government of India has sanctioned the Real Estate (Regulation and Development) Act 2016 and all the segments of the Act will come into power with impact from May 1, 2017. Under this Act, Government of Kerala set up Kerala Real Estate Regulatory Authority (K RERA) for guideline and advancement of land area in the State of Kerala. Land (Regulation and Development) Act 2016 is a stage towards improving the real estate sector in India, empowering more transparency, responsibility and financial discipline. With an intend to support the certainty of clients and acquire more straightforwardness in the land area, Chief Minister Pinarayi Vijayan dispatched the Kerala Real Estate Regulatory Authority (K-RERA). "It is a result of a small bunch of real estate agents who redirect from great practice and enjoy illicit approaches to mint cash that the entire area here and there get a dark imprint. We have heard terms like the land mafia," Vijayan said at the official dispatch occasion. &