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Builders will now have to pay 10.9% interest for delivery delay- The News
Posted
November 2, 2016
Views
483
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November 2, 2016
483
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14:44Now PlayingThe Union government on October 31 notified rules to implement the Real Estate Regulation Act (RERA), which will enable buyers who have invested in real estate projects, including existing ones - to secure interest at 10.9% per annum for delayed possession. It may be recalled that October 31 was the deadline by which all states were to notify rules for the regulator. Gujarat, Uttar Pradesh, Madhya Pradesh and Karnataka were the only states that met the deadline.
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