Has RERA transformed Indian real estate sector into an investor-friendly market?
Real Estate

Has RERA transformed Indian real estate sector into an investor-friendly market?

Indian home buyers have traditionally been at a disadvantage in the property market. Despite the fact that three in ten property projects are said to face some kind of construction delay, buyers who had to buy into under-construction projects because of budget constraints had little recourse if t...

Indian home buyers have traditionally been at a disadvantage in the property market. Despite the fact that three in ten property projects are said to face some kind of construction delay, buyers who had to buy into under-construction projects because of budget constraints had little recourse if the project stalled. So, RERA has come as a welcome move. Speaking of the form of the Act, the Government of India has aimed at adopting the same high benchmarks for transparency and accountability prevailing in more transparent markets like the UK and Europe, where people know exactly what they are buying, how much it is worth, the legal status of the property, and so on, notes Anuj Puri, Chairman, Anarock Property Consultants. That said, the benefit ensuing from RERA hinges wholly on its implementation by different states in the true letter and spirit of the central Act, notes Samantak Das, National Director and Chief Economist, Research and REIS, JLL India. If RERA were to be properly implemented across the country, it would “create the required level-playing field between the key stakeholders of the sector – developers and buyers. In fact, (then), RERA would bring back buyers’ confidence in the market,” he says. The thing with RERA is that different state governments are taking varying degrees of interest in enforcing it. “Whereas Maharashtra has emerged a clear leader in enforcement, Uttar Pradesh has recently made plans to go full steam ahead with a project and developer-rating initiative, while states in the North-East have yet to notify the Act,” observes Das. With India still in the early stages of implementing RERA, “it remains to be seen whether RERA can transform Indian real estate into a sector in which people can invest in with as much confidence as they would in gold,” to quote Puri. - CHARU BAHRI Related Links India’s Top Builders on the expected impact of RERA, GST and REITs for real estate in 2019! Here are three key trends that emerged in residential real estate in 2018! Will the RERA, GST and REITs reforms bring out the desired impact for real estate in 2019? REITs: A boon to DLF, Prestige, Indiabulls, Essar to sell their stake to international institutional investors Government policies: GST, Insolvency Code, FDI, Delhi Land Pooling, Mumbai DP, driving real estate growth…

Next Story
Infrastructure Urban

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's  fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building  (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous  Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in  Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant  advancement in the company's commitment to engineered performance, manu..

Next Story
Infrastructure Urban

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Next Story
Infrastructure Urban

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App