Traditionally real estate sector is dominated by a large number of unorganized players. For a long time, Indian real estate transactions lack regulator and buyer felt that transactions are largely in favor of developers. The Real Estate (Regulation and Development) Act, 2016 (RERA) intends to bring transparency and protect the interest of stakeholders in the real estate sector. The RERA Act was passed by Rajya Sabha and Lok Sabha, respectively on March 10, 2016, and March 15, 2016. Finally, it came into force from May 1, 2016. In six month the central and state governments were required to notify their own rules under the Act. As a developer,
Unsurprisingly, the lack of funds, Unfinished Projects, Possession, Buyers Pressures continues to be one of the major reasons behind stalled projects even today. The two big reasons cited by investors for stalled projects is the delay in land acquisition and lack of funds. If you are dealing in Real Estate sector then you are at right place. We have some great strategy & solution for Real Estate. To know more about our strategy & planning for your organization Contact Us.
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