RERA - Focus will shift from project launches to project completion - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Thursday, May 04, 2017

RERA - Focus will shift from project launches to project completion

RERA  - Focus will shift from project launches to project completion

Real Estate Regulator

Mr. Vidip Jatia, Director, Belmac’s quote on RERA implications and it’s impact on the real estate sector.

 “RERA is a much awaited regulatory authority which will formalise the largest employing industry in the country. It will increase customer confidence and reinstall customer confidence in the industry. It will make real estate just like any other asset class for investors.

Focus will shift from project launches to project completion. Developers will have financial discipline and launch projects only once all approvals are in place. Well disciplined developers will benefit the most as the unorganized sector will perish and the supply of approved projects will be restricted.
 
Vidip Jatia, Director, Belmac
Customers will benefit as they will have only authorized projects to choose from however, due to the restricted supply of inventory and increased compliance costs, the property prices will see an upward pressure!
We are in for good times”

-by Mr. Vidip Jatia, Director, Belmac



RERA - Focus will shift from project launches to project completion Reviewed by S. Chitra on May 04, 2017 Rating: 5 RERA  - Focus will shift from project launches to project completion Real Estate Regulator Mr. Vidip Jatia, Director, Belmac’s  qu...

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