17/01/2018
Real Estate is getting attention on the every forum and after the formation of regulatory authority RERA ,the sentiments and the moods of common invested elevated and now in most of the case people started asking RERA Registration no of the projects to the representative of the concerned developer
Even existing buyer of the on going projects started asking the RERA Registration no for giving further payment to the developer.
Some where it is being reflected that gradually RERA is becoming word of guarantee for the safety as well as for the timely delivery of the project.
Although Its too early to say that how and when This new authority will fulfill the expectations of Real Estate buyers because still there are lot many states where still RERA is not functional and still common investors are not secured after their investment .
Biggest example is our stare Bihar where still developers registration process is not started and most of the developers searching rooms to escape from the authority rules and regulations.
Still Developer are having confidence that this RERA is nothing and it's simple an eye wash.I hope Bihar govt will certainly put a strong foundation of RERA for the safeguard of the common investors of Bihar
But above and all RERA has got it's place and got success to creat a positive atmosphere in the country which was badly needed to accelerate the industry which was almost stuck