The Real Estate (Regulation and Development) Act Is A Keystone to Protect the Interest of Buyer Against Unethical Trader Practice in Real Estate Sector: A Critical Analysis.
Keywords:
Consumer, Consumer Protect Act, Real Estate (Regulation and Development) Act, Housing, Deficiency of Services.Abstract
Human beings are fighting with the world to run their life in a society with a valuable standard of living in which shelter is one of the essential among basic standards, to all our lives because of to have a decent life with good accommodation, everyone in the society working hard, over a while the term housing received more value in the world because it has become one of basic element for the life of the human society, today everyone working arduous to have their own houses. Housing obtains international recognition as Human Rights[1] in the universe each and everybody assured they are entitled to an adequate standard of living for themselves and to their families, it encompasses housing right also. This regulation implies that housing is recognized as Human Right and more protected against any kind of exploitation, though it is not recognized as a fundamental right under the Constitution of India. In a landmark case,[2] the Supreme Court incorporated Housing building activities as part of Consumer Service under Consumer Protection, over while Housing conceived with the new name of Real Estate. The unscrupulous business in the Real Estate exploit the consumer to an unbearable level, thus the Real Estate Regulatory Authority for regulating and promoting the real estate sector incorporates regulatory no[3] and to ensure the selling of plot, apartment or building, as it may bet or sale of real estate project, it provides the provisions for efficiently and transparently to safeguard the interest of consumers in the real estate sector, ultimately it establish an adjudicating mechanism for speedy d Redressal housing services disputes.
[1] International Covenants on Economic, Social, and Cultural Rights, 1966. arti. 11
[2] Lucknow Development Authority v. A.K. Gupta , AIR 1994 SC 787.
[3] Section 20(1) The Real Estate (Regulation and Development) Act 2016.(Act 16 of 2016).