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
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