The strange ways India works has come to haunt the RERA implementation too. With just few important states going ahead with their version of the very important legislation the real estate industry is divided in its preparation and current activities. We have been meeting developers, some of whom are still unfazed about the Act while others have pressed a pause button on sales in ongoing projects. A large developer in NCR has shut down its marketing galleries seemingly to prepare itself for compliance to the rules (not notified yet) and, on the other hand others are pulling down their existing collateral. Worst affected seems to be Maharashtra where a registered broker came under fire and that has confused us at Propstory too. As an advertiser and a content portal, we wonder where we stand wrt RERA!
That said, we carry all latest information that is communicated to us at project sites or by the firms. So we are as updated as the industry players are, that can be considered as our standard disclaimer in these uncertain times.
From the markets –
2. Bangalore – Aparna Elixir, Grand West by Jain Heights, TATA Promont, Sobha Forest View, Godrej Platinum, Devanahalli as area
The information has been curated from various sources and may not be verified as per RERA guidelines *