The implementation of the Act has ensured increased transparency in the real estate sector and the protection of homebuyers’ rights. As per this Act, all developers are mandated to disclose all relevant information about their projects, including the project layout, number of flats or apartments, carpet areas of different flats, and construction status, on the official website.Additionally, the acts ensures that the developers provide timely possession of properties to homebuyers as per the sale agreements. In case a developer fails to provide timely possession, it may have to pay a penalty in the form of interest to the buyer. Homebuyers can even seek compensation from the developer for any losses suffered due to the delay in construction.Last but not least, the act ensures an effective grievance redressal mechanism for homebuyers seeking solutions to disputes or grievances with builders.