Res­i­den­tial prices to rise post RERA

HT Estates - - FRONT PAGE - HT Cor­re­spon­dent feed­back@hin­dus­tan­times.com

NEWDELHI: 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-RERA­world. Herear­e­some rea­sons: tives for af­ford­able hous­ing and the easy avail­abil­ity of home loans, we ex­pect end-user driven de­mand to pick up.

With a pulling-back of sup­ply an­da­con­tin­u­ous­ro­bust de­mand from end-users, the res­i­den­tial mar­ket will soon wit­ness a mar­ginal up­trend in res­i­den­tial prices.

RERA WILL PLAY A FUN­DA­MEN­TAL ROLE IN DE­TER­MIN­ING THE ECO­NOMIC FRAME­WORK OF DE­MAND AND SUP­PLY IN REAL ES­TATE SEC­TOR

MINT/FILE

Buy­ers are ex­pected to ben­e­fit from the new real es­tate act

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