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Real Estate Act: Regulation of Real Estate Development in India

The Indian housing industry abounds in real estate companies of all sorts, big, small and new. Since there is no regulatory authority to check their functioning, investors are often duped into unreliable transactions by attractive sales strategies and marketing techniques. Disputes related to the escalation of costs, delay in completion of projects, absence of clearance certificates, and non-inclusion of costs for fittings are quite common.