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NEWS

12
Jul
2017

5 things that will make developers RERA-ready

To bridge the gap between the government, developers and consumers, Magicbricks organised an event ‘Real Estate - The RERA and GST Era’ in New Delhi on June 29, 2017 The Real Estate (Regulation and Development) Act, 2016 (RERA), has given India’s real estate sector a new direction but there are some teething problems being faced by developers. To bridge the gap between the government, developers and consumers, Magicbricks organised an event ‘Real Estate - The RERA and GST Era’ in New Delhi on June 29, 2017. With only Madhya Pradesh and Maharashtra ready for RERA on Day 1, experts at the event deliberated on a host of issues that matter to the consumers and developers. Magicbricks lists 5 key takeaways from the event for developers. Redesigning business Madhya Pradesh RERA regulator, Antony De Sa, says even those states which are ready, developers are not ready. “For a large number of developers it meant filling forms, which are lengthy and cumbersome. Developers will have to redesign their allotment letters, sales deeds, brochures, advertisements and their cash-flow management to become RERA-ready.”
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