RERA also mandates the establishment of a regulatory authority in each condition to oversee the implementation of your Act and resolve disputes amongst developers and homebuyers.
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Limited Legal responsibility Partnerships ("LLPs") are used for real estate investments, since the earnings and losses in the LLP are assessed while in the fingers in the LLP itself and There's exemption from tax within the hands of its associates. Due to the fact November 2015, The federal government permitted FDI less than the automated route into LLPs functioning in sectors wherever one hundred% FDI is allowed by way of the automatic route (such as Construction-enhancement initiatives, as discussed while in the response to dilemma 3).
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