RERA to make the market accountable, bring in financial discipline

15 Jul 2019 CW Staff

Ramesh Nair, CEO & Country Head, JLL India, said, “The key objectives of RERA – enhancing transparency, bringing in a financial discipline in the market and infusing accountability among stakeholder would become the new norm if the Regulation is implemented effectively.” He added, “For the residential segment, RERA has played a level-playing field among the homebuyers and the developers. Consequently, India’s residential sector saw rejuvenation after an initial challenging phase. With regulation reinstating homebuyers’ confidence in the segment, markets witnessed robust recovery in sales in 2018. The resurgence in sales continued in first half of 2019 too.”

Sales of residential units increased by 22 per cent compared to the corresponding period in 2018. During the period between FY 2011-12 and FY 2018-19, the outstanding home loans increased at a CAGR of 18 per cent to Rs 19 trillion from Rs 6 trillion indicating strong housing demand.

The analysis mentioned that for the residential segment, RERA has so far played a level-playing field among the homebuyers and the developers. Consequently, India’s residential sector saw rejuvenation after an initial challenging phase. With the NDA government returning for its second term, RERA implementation will be effectively executed across the states, the analysis added. Reforms and measures to promote affordable and mid-income housing in the country so far will help homebuyers to invest into the market.

The implementation of the Real Estate Regulation Act (RERA) in the country has picked up pace, with 90 per cent of the state and Union Territories notifying the rules, according to a JLL analysis of the data provided by the Ministry of Housing and Urban Affairs, Government of India. Of these, 69 per cent already have operational sites, making it easier for stakeholders to access and register their projects. According to Ministry’s data, till 30 June 2019, 43,398 real estate projects and 33,270 real estate agents have been registered under RERA across the country. The analysis said, the actual impact of RERA, however, would be even more discernible over the next few years, as projects will meet delivery timelines mentioned in the RERA registrations and cases of effective dispute resolution between the buyers and promoters will increase. Ramesh Nair, CEO & Country Head, JLL India, said, “The key objectives of RERA – enhancing transparency, bringing in a financial discipline in the market and infusing accountability among stakeholder would become the new norm if the Regulation is implemented effectively.” He added, “For the residential segment, RERA has played a level-playing field among the homebuyers and the developers. Consequently, India’s residential sector saw rejuvenation after an initial challenging phase. With regulation reinstating homebuyers’ confidence in the segment, markets witnessed robust recovery in sales in 2018. The resurgence in sales continued in first half of 2019 too.”Sales of residential units increased by 22 per cent compared to the corresponding period in 2018. During the period between FY 2011-12 and FY 2018-19, the outstanding home loans increased at a CAGR of 18 per cent to Rs 19 trillion from Rs 6 trillion indicating strong housing demand.The analysis mentioned that for the residential segment, RERA has so far played a level-playing field among the homebuyers and the developers. Consequently, India’s residential sector saw rejuvenation after an initial challenging phase. With the NDA government returning for its second term, RERA implementation will be effectively executed across the states, the analysis added. Reforms and measures to promote affordable and mid-income housing in the country so far will help homebuyers to invest into the market.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..