Q:I heard housing regulatory authority is formed to provide relief to flat purchasers against malpractices by developers. But How it will help a flat buyers?
Latest Answer: Housing regulatory authority to be headed by a retired government official of the rank of principal secretary and will include two experts. It will have powers to impose a fine of up to Rs 1 crore on offenders. Under new Act Developers will have to register with the authority and it will be mandatory for issuing advertisements for sale or transfer of flats.
