July 30, 2019
Rakesh Reddy, Director, Aparna Constructions, For Property House
Our Director, Mr. Rakesh Reddy’s quote has been featured in the Property House Magazine about the Union Government’s plan to set up an integrated online platform for the Real Estate Regulatory Authority (RERA) of all states and union territories.
The article mentions the potential of RERA to become one of the most significant policy intervention in the real estate sector and how it looks into the homebuyer’s perspective. It aims at protecting the homebuyer’s interests in the most transparent manner. He has been quoted saying that the maximum benefits of RERA can be realized by its optimum functionality across India.
One of the major challenges that the policy intervention has faced includes the roll-out on the web portal that created a disparity and inefficiency amongst the states on how each implemented RERA. It is said that a common online platform for all the states and union territories has been set up to provide a single-window portal that will ensure transparency and accountability. It is also believed to prove beneficial for the home buyers to seek information on the best practices and RERA rating issues for all states.
To read the entire article click on the link below:
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