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ICCPL-R&M Webseries-9 RERA a boon for industry Rajive Kumar announcement on loan recast makes big news
The ninth edition of Realty Webseries, hosted by realty magazine Realty & More and PR firm ICCPL on July 4, made national headlines as UP RERA Chairman Rajive Kumar announced there that the regulatory bodies would be writing within a week to the RBI seeking one-time debt restructuring for the real estate industry.
Speaking on the theme ‘Three Years of RERA’, the UP RERA chief informed at the webinar that out of almost 26,000 complaints, more than 19,000 have been dispose of by the Authority. And there are lot of builders who have also tried their best to see that those orders get complied with. “So, this is one area where we need to be working together”, he said.
Ashish Bhutani, CEO of Bhutani Group, said RERA has been getting global acclaim. “Every buyer and investor now knows that now no developer will be able to do any wrongdoing as a robust regulator is there”, he said. RERA has been one of the best things that has happened in the industry in the past few years, he stressed.
According to Dhruv Agarwala, Group CEO, PropTiger.com, Housing.com, Makaan.com, said, “We all have to be mindful of one thing that buying a house is the most expensive purchase decision of any family. It is very crucial that they feel comfortable that if something goes wrong, they have a place where they can be heard. RERA has played that role.”
R&M Editor Palash Roy interjected to ask if there are any challenges or if there is any fine-tuning or any amendments which are required at this point of time.
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