News
RERA has infused governance in the sector: 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.
-
Guest Column3 weeks ago
Vertex launches its largest project, VIRAAT
-
Guest Column4 weeks ago
Planning to Invest: Consider these 5 alternate assets to put your money
-
Guest Column4 weeks ago
ICRA, CRISIL enhances Commercial Paper limits of Godrej Prop to Rs 1750 cr
-
Guest Column4 weeks ago
In 2022 PE investments in Indian real estate at $3.4 bn, at par with 2021: Savills
-
Guest Column4 weeks ago
Mirae Asset Acquires Grade-A Warehousing Space in India
-
Guest Column4 weeks ago
Propdial in talks to raise Rs 25 Crore
-
Events4 weeks ago
Celebrations at Vegas Mall, Dwarka
-
Guest Column3 weeks ago
TARC Tripundra achieves Rs 350 cr sales