Categories: Latest

One year of RERA

By Ashish.R.Puravankara, Managing Director, Puravankara Ltd.

New Delhi, May 02, 2018: “With RERA making its entry into the industry in 2017, Indian real estate has witnessed a series of developments across the last one year. RERA introduced to the sector a string of regulations introducing structural changes, keeping the consumer in focus and also aiding in the development of a regulated and organized environment. For the first time the end user had easy access to property related data and information, creating a transparent interface. Consumer interest was on a rise and this translated into an increase in bookings and queries at the developer’s end. The strong latent demand in the last two quarters of FY18 is proof of the same.  As for the developer fraternity, RERA was a timely move which brought with it a much needed regulator in place, paving the path towards the growth and development of the industry. Of course there is much more to be done collectively in the real estate community, but RERA has set the tone for the future – transparency & accountability!

RERA brought with it the consolidation of the industry just further driving the accountability piece but also making it customer-centric.  For PE investors, this is a positive sign, along with a system which has measurable risk defined. With states across the country gradually aligning to the asks of RERA, this will be beneficial to all the key stakeholders viz. the consumer, developer and investor. In the days to come, we will witness the evolution of the Indian real estate sector into a transparent, organized and balanced system. “

Recent Posts

The Rise of Premium Luxury Residences: How NCR is Setting New Standards

New Delhi, November 21, 2024: Over the years, Delhi-NCR has emerged as a hotspot for…

23 hours ago

3A Composites’ Flagship BrandALUCOBOND Launches a Premium Product ‘ALUCODUAL®’

~ The Company strengthens the product portfolio with the launch of innovative & ‘Made in…

23 hours ago

Government Policies and Housing Premiums Under Spotlight in latest Mumbai Realty Report

- NAREDCO Maharashtra and 1 Finance Unveils Comprehensive Study on Mumbai's Real Estate Landscape -…

2 days ago

Onward Workspaces Expands with leasing 18,000 Sq. Ft. Premium Facility at Emaar Capital in Gurgaon, Catering to Global Enterprise

The announcement marks a major step in offering Flexible Grade-A Office Solutions for Modern Businesses…

2 days ago

Studio Apartments: Smart Investment Choice for Buyers

Considered as hot investment opportunity for the real estate enthusiasts, Studio apartments present several advantages…

4 days ago

Rethinking Urban Spaces: The Role of Mixed-Use Developments in City Planning

New Delhi, November 18, 2024: As Indian cities grapple with rapid urbanization, evolving lifestyles, and…

4 days ago