Real Estate Regulation Authority act will bring about more stability and transparency in the Real Estate market..! - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Saturday, March 25, 2017

Real Estate Regulation Authority act will bring about more stability and transparency in the Real Estate market..!

 Real Estate Regulation Authority act will bring about more stability and transparency in the Real Estate market..!

Mr. Mudhit Gupta, CMD, EMGEE Group said,

"The RERA (Real Estate Regulation Authority) act will bring about more stability and transparency in the market and thereby increase the trust of the people in it. It is also a win-win situation for the buyers and the developers as a number of industry people who are looking to misuse the market for their personal gains will now be eradicated. 

The implementation of RERA will cleanse the market and only the honest and legitimate developers will find space there. Hence serious developers are welcoming this act with open arms.   It will not only bring some discipline in the otherwise not so regulated sector but will also protect the interests of buyers and genuine developers. 
Mudhit Gupta, CMD,
EMGEE Group

As the guidelines need to be well understood most builders will take some time to understand the act in its entirety. An act like this will help change the mindset of the entire community. It will especially be tough for people whose business philosophy was to transfer funds from one project to the other, delay or non-completion of projects or selling projects pre-approvals."


About EMGEE Group: 

Established in 2002, EMGEE Group is the fastest growing Real Estate Development Company based in Mumbai. Their exemplary expertise is centered on Residential Complexes, Townships, Commercial Composites, with a strong presence in Mumbai, Khandala, and Goa. Under the guidance of Mr. Mudhit Gupta, EMGEE Group has already carved a niche for itself in the Real Estate business. Founded by Mr. Mudhit Gupta, with over two decades of experience in luxury real estate, EMGEE Group has now ventured in the affordable housing segment. The company has recently acquired over 100 acres of land parcel near Mumbai and plans to spend nearly Rs 1,600 crore to build 25,000 affordable homes over the next five years in the first phase.
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Real Estate Regulation Authority act will bring about more stability and transparency in the Real Estate market..! Reviewed by S. Chitra on March 25, 2017 Rating: 5   Real Estate Regulation Authority act will bring about more stability and transparency in the Real Estate market..! Mr. Mudhit Gupta,...

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