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Real Estate Forum on Transparency

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: When will the real estate sector going to have transparency? It is really risky to invest in real estate for first time buyers like us. There are many realty defaulters breaking realty norms.
Latest Answer: According to experts, any criminal, illegal transaction or cases related to property dealing can be attached to Money-laundering Act. If any case is lodged under this act then they are surely going to pay a hefty amount.
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Q: I heard that Tamil Nadu has got the second ranking for transparency in realty. On what basis was the survey done to prove the transparency?
Latest Answer: According to sources, the survey was based on the factors of progressive business environment, market information, reforms in urban local bodies and also protection of property rights.
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Q: I heard that the government has come up with new bill. How the new bill going to help the home buyers from buying property?
Latest Answer: The new law has made it mandatory that each project should be registered and approved by the Real Estate Regulatory Authority. The biggest problem arise from the delay from developers transferring money from one project to another but new law will handle the problem.
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