No RERA for you: Chennai home buyers in limbo after Tamil Nadu fails to ratify act before deadline
With the Tamil Nadu government failing woefully to ratify the RERA (Real Estate Regulatory Act) prior to the deadline, Chennai Property buyers are left in lurch, without regulation to safeguard them from exploits of builders.
Several big realtors in the town have failed to meet deadlines and many families'fight for justice has reaped no rewards whatsoever.
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Ravishankar, a home buyer in Chennai, who paid Rs 40 lakh to buy a home in 2010 is yet to obtain its possession.
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