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Centre cautions Chief Ministers of vacuum if Real Estate Act timelines not met by April 30

Centre cautions Chief Ministers of vacuum if Real Estate Act timelines not met by April 30

Feb 12, 2017, at 07:52 pm

New Delhi, Feb 12 (IBNS): With buyers entitled to seek relief under the Real Estate (Regulation & Development) Act,2016 with effect from the first of May this year, the central government has cautioned the States of a serious situation of vacuum arising if necessary institutional mechanisms, as required under the Act were not put in place before that.