Transparency and every buyer's best dealer - this is what RERA can bring to a developer's repute along with the 'industry' status that the fraternity has always longed for! May 1, 2017, will always be recalled as a turning point in the history of real estate in India - when all states were asked to notify RERA rules.
The government’s move to promote affordable housing by setting up a special fund is welcome. It will boost buyers’ sentiments and help revive the real estate market. We expected the government to give industry status to real estate sector, though its efforts to support infrastructural development is laudable.