Connect with us


RERA has infused governance in the sector: Puri

Hardeep singh puri

Minister of State for Housing and Urban Affairs Hardeep S Puri has said the history of urban India and the real estate sector will always be remembered in two phases – ‘ore RERA’ and ‘post RERA’.

RERA, he said, has infused governance in a sector hitherto unregulated and added that along with demonetisation and the GST, it has, to a large extent, “cleansed the real estate sector of black money.”

Explaining the provisions of RERA, the minister said the Act has transformational provisions, conscientiously addressing those which have been a constant bane for the real estate sector.

Puri said since RERA came into full force in May 2017, 34 states and Union Territories have notified the rules, 30 states and UTs have set up Real Estate Regulatory Authorities and 26 have set up Appellate Tribunals.

He also informed that around 60,000 real estate projects and 45,723 real estate agents have been registered with the regulatory authorities, providing a platform for informed choice for buyers.


Latest News

News1 day ago

Central Park’s Bignonia Towers in Sohna Achieves Rs 500cr Sales Bookings 

New Delhi, 14th June 2024: Bignonia Towers by Central Park in in Sohna has recorded sales bookings of Rs 500...

News1 day ago

Author Ashwinder R. Singh Launches His Third Book, “Master Commercial Real Estate”

June 14, 2024: Ashwinder R. Singh, acclaimed for his insightful contributions to real estate, launched his third book, “Master Commercial...

News1 day ago

Grade A Office Spaces Demand Growing at a Brisk pace, 164.3 Mn Sq Ft Added Since 2021

June 14, 2024: India’s office market is undergoing a profound transformation, reflecting the country’s robust economic growth, demographic advantages, and...

News1 day ago

Real Estate Sector Needs to Gear Up for New Housing Challenges Until 2029, With Rain Harvesting as a Core Element for Housing Projects: HUA Additional Secretary

New Delhi, June 14, 2024: Additional Secretary of the Ministry of Housing and Urban Affairs, D Thara, on Friday asked...

News2 days ago

Tier-2 Cities Closing the Gap with Top-8 as Property Prices Surge by 10-15% in Prime Areas: Report

New Delhi, June 13, 2024: has released its inaugural “The Bharat in India” report on Thursday. The report unveils...

News2 days ago

Housing Prices Soar 13% CAGR as Inflation Moderates to 5.4%: ANAROCK Report 

Mumbai, June 13, 2024: Inflation, the gradual increase in the general prices of goods and services, erodes the purchasing power of money...