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Karnataka govt passes real estate Act

Karnataka govt passes real estate Act

2 months after missing the deadline, Karnataka cabinet today approved rules under the new real estate regulation act that aims to protect home buyers. Under the act, states had to notify realty rules and set up Real Estate Regulatory Authority (RERA) by April 30, but Karnataka had missed the deadline. Stating that the rules will be applicable for Bangalore Development Authority and Karnataka Housing Board Projects also.

read more at PTI News

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