How I can find RERA affiliated builders

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Realty Myths Home Forums Public Forum How I can find RERA affiliated builders

This topic contains 5 replies, has 3 voices, and was last updated by  Saket Pathak 11 months ago.

Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
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  • #136062

    Saket Pathak
    Participant

    Hi,
    I was trying to purchase a 2 BHK apartment in Noida. I visited and tried to find a lot of move in properties in Noida. I asked many a builder about RERA affiliation, All of them said that they are RERA certified. How I would trust them and I how I can actually evaluate that they are saying right and my investments are safe. Anyone please share your inputs.

    #136063

    Saket Pathak
    Participant

    I need it urgently, please reply back.

    #136128

    Ramesh Sharma
    Participant

    As per RERA every Indian State and Union Territory will have its separate Regulatory Authority (RA). The job of the RA will be to frame rules & regulations as per the provisions in the Act.
    Soon there will be online access to infra projects. The RA of a particular State or UT will hold the responsibility to register and regulate real estate investment projects. Real Estate developers/builders/agents will be required to register under this Act. Thereon, RA will also be required to maintain a website for public to view and be informed, on all real estate projects that have undergone registration.
    Once registration of agents/builders have been processed a Login-ID and password will be created for the same. They can then create their project page on regional RA’s website and upload the respective project information for the general public to generate interest and queries among buyers and investors. As per the process quarterly update status of sold/booked units is required.
    As of now you can refer to https://maharera.mahaonline.gov.in/Home/Index. Maharashtra State Regulatory Authority has taken this initiative though I feel the website needs to have information feasibility in terms of language barrier.
    Hope this information will be of use Mr.Saket.

    (Please note: the below information is as per my grasp of the information. There could have been certain changes that I may not be aware of or could be my interpretation to be something else in some case if be ).

    #136177

    Saket Pathak
    Participant

    I think you are right. But don’t you think there is so much information which is still under the carpet and people are not aware of it. It feels like, we have created another layer of information which is leaving people away from investment.

    #136211

    San
    Member

    I think before looking for RERA affiliated developers, let’s wait for RERA to roll out completely on ground. It has not been implemented by more than 85% of the states. The three states that have rolled it out have diluted the original draft, making it convenient for the developers.

    RERA, in totality is one of the best thing to happen to the Indian real estate sector. However, the legacy of lackadaisical attitude by the governments and authorities is killing it. I just hope government wakes up in time.

    #136502

    Saket Pathak
    Participant

    See! Twisting the law was always the case with this category of business and will remain so. The enforcement of the law is a necessory step for the government. No matter what law you bring, enforcement is the key to bring transparency and clarity to the business segment.

Viewing 6 posts - 1 through 6 (of 6 total)

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