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.
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| 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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