RERA has been implemented with the purpose of enhancing transparency, mitigating information asymmetry and applying a uniform ‘code of conduct’ for developers across various states. It seeks to reduce the volatility seen in the real estate sector in the past, and eliminate the trust deficit between the two primary industry stakeholders – builders and buyers. However, residential prices are likely to rise in the post-RERA world. Here are some reasons:
via housing prices: 4 reasons why residential real estate prices will rise post RERA
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