The past year has facilitated a level playing field for the reputed players, says Shailesh Puranik, MD, Puranik Builders

Shailesh Puranik, Managing Director, Puranik Builders: The enforcement of RERA has been a boon for the real estate sector and the implementation process has been fantastic. RERA is an example of good governance. With the one year anniversary of the Act, the pace has picked up in the real estate sector. While there was an improvement in the approval processes, RERA has further complemented the reforms especially in the Mumbai MCGM region. There is now much-needed structure to the unorganised sector by this single monumental reform. Increased transparency, accountability, streamlining and standardization have drastically improved the market sentiment incentivising investors and bridging the trust deficit between builders and developers. Additionally, Gautam Chatterjee has ensured a robust system for the addressal of grievances. The past year has facilitated a level playing field for the reputed players eradicating fly by night operators. While a lot has been done for the sector, there is still enough room for constant improvement.