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The Real Estate (Regulation and Development) Act, 2016 is Act of the Parliament of India which seeks to protect buyers as well as help boost investments in the real estate industry. The Act came into force from 1 May 2016.



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The Ranka Group is a conglomerate of companies in fields that range from real estate development and housing finance to jewellery, textiles, mining and fitness equipment. The Group started operations in Mumbai in the late 1940s with a modest jewellery showroom. In just a few years, more showrooms were added, the Group diversified into textiles and spread its wings further South to Bangalore, Erode and Coimbatore. Bangalore, then, had just started attracting new businesses and people. Sensing a growth opportunity, the Ranka Group made a foray into the city’s real estate market.
