The RERA Wave.
RERA is a savior for buyers and builders alike. Learn how!
The Real Estate Regulation Authority (RERA) is beneficiating for both – the builder and the buyer. RERA has put a mirror of transparency in front of the buyers. This scenario has distanced the reluctance factor from the buyer’s mind. The IGR department has disclosed 28% hike in property registrations for the last five months of this financial year compared to the previous one. RERA has re-instilled the buyer’s faith in the realty market.
There were 201764 property registrations that had taken place in the last financial year. These numbers have grown to 258051 this year. As the festive season is just one step closer, there will be a tremendous increase in new property registrations during this period. RERA has also subjected builders to complete their projects on time. The earlier commitment related problems have suddenly vanished. RERA’s entry has cleared the picture, it has appealed to the buyer to buy homes carefree, as, RERA has boosted the completion of projects which has revived buyer trust.
Most people take home loans that result in hefty EMIs. Every month, an amount is deducted, irrespective to the fact whether they receive property possession or not. Since the advent of GST tax burden has been reduced, compelling buyers to invest in the realty market. The Central Government has also made a provision of incentives to low and middle-income groups. This step has helped realty market to achieve the sky-high boost.
For ones looking to buy a home, visit www.namratagroup.com today and gloss over a wide range of residential projects to find the one that suits your taste!