Major advantages:
- It will help to regulate the highly unregulated real estate sector.
- Will help to deal with the undue delay in project implementation.
- Will help to streamline the data of the project across the country and hence will bring homogeneity and rule bas e pricing in the sector.
- It will enhance the transparency and accountability in the real estate sector.
- It will provide time bound redressal mechanism for the prospective home buyers.
- It will help to monitor the sector well as here large source of black money is stashed.
- In the long run it will help to bring down the prices of the real estate so that housing can become affordable.
- It is in line with the customer satisfaction and consumer safeguard.
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