On RERA fear, Independent Directors are resigning

On RERA fear, Independent Directors are resigning

There is fear among the independent directors of real estate firms, because under RERA independent directors can be held accountable in case a company fails to comply with the new regulations of RERA. The Indian real estate sector has a long history of delayed projects, poor quality and illegal construction. And India has a history that 30% of the projects get delayed. RERA with its new regulations is going to be very tough and developers will have to be equally tough and disciplined.
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