Intentar ORO - Gratis
CCPA to work with Rera at state level to aid homebuyers
Mint New Delhi
|January 13, 2025
The Consumer Protection Act 2019 allows CCPA to only impose penalties of up to ₹50 lakh for violations
does intervene on behalf of homebuyers but hasn't been able to rein in errant developers for two main reasons: it doesn't have the authority to enforce its orders, and developers can challenge its decisions at a higher court, leading to more delays.
Manoj Gaur, chairman and managing director of real estate firm Gaursons India Pvt. Ltd, isn't in favour of CCPA intervening in the real estate sector.
"Rera is effectively addressing the concerns within the real estate market, making additional oversight unnecessary," said Gaur, who is also the chairman of the Confederation of Real Estate Developers' Associations of India (Credai).
The second official mentioned above, however, said CCPA had "no intention of overpowering the authority of any existing regulatory body".
Esta historia es de la edición January 13, 2025 de Mint New Delhi.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Mint New Delhi
Mint New Delhi
INSIDE ZOHO'S BIG BET ON SWADESHI TECH
The company has been quietly building consumer tech products for four years now. We take a closer look.
8 mins
October 09, 2025
Mint New Delhi
America should think before it slams its door on immigration
The benefits of it are subtle but compelling enough to keep it going
3 mins
October 09, 2025
Mint New Delhi
Industry eyes cheaper brakes for bikes
The country's automobile industry has proposed an advanced combined braking system (CBS) with front disc brakes for twowheelers as an alternative to the government's mandate on installing anti-lock braking systems (ABS) on all new bikes and scooters from January 2026, two people aware of the development said.
2 mins
October 09, 2025
Mint New Delhi
Pharma deals soaring, but top drugmakers hold back
Pharma sector has surged over the past two years
2 mins
October 09, 2025
Mint New Delhi
TPG-backed lender Fibe hires bankers for ₹1k-1.5k crore IPO
TPG-backed online lending platform Fibe has shortlisted three investment bankers to steer its initial public offering (IPO), through which it plans to raise between ₹1,000 crore and ₹1,500 crore at a targeted valuation of over $1 billion, three people familiar with the matter said.
1 mins
October 09, 2025
Mint New Delhi
Cisco unveils chip to connect distant AI data centres
Cisco Systems launched on Wednesday a new networking chip designed to connect artificial intelligence (AI) data centres, with the cloud computing units of Microsoft and Alibaba enrolling as the chip’s custom-crs.
1 min
October 09, 2025
Mint New Delhi
Has TaMo priced in worst of JLR?
Tata Motors Ltd is gearing up for its long-awaited demerger.
2 mins
October 09, 2025
Mint New Delhi
America's soybean farmers are panicking over the loss of Chinese buyers
China hasn't booked any U.S. soybean purchases in months; farmers warn of 'bloodbath'
4 mins
October 09, 2025
Mint New Delhi
HOW MODI'S TRIBAL VISION BECAME A NATIONAL MOVEMENT
FROM GUJARAT TO THE NATION
2 mins
October 09, 2025
Mint New Delhi
Our lacklustre market: The fault, dear investor, is not in our stars
Foreign investors have rational and opportunistic reasons to pull money out but the India Story must refresh its appeal too
4 mins
October 09, 2025
Listen
Translate
Change font size