The Nagpur bench of the Bombay high court on Wednesday directed a group
of builders to comply with a July 31 registration deadline under the Real Estate (Regulation and Development) Act (Rera), 2016.The
court declined to extend the month-end deadline set under the new real estate
regulatory law. Four builders have approached Nagpur bench of
Bombay High Court to challenge some provisions of the Real Estate (Regulation
and Development) Act, 2016. They contend that provisions restricting sale of
real estate, opening of escrow account, and registration of existing projects
with Real Estate Regulatory Authority (RERA) are unconstitutional.
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Times Of India Newspaper
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