adopt ‘Rera’ to bring transparency - dr Prabhu
The construction sector contributes to 8-9% to the country’s total GDP. The buyers have become more awakened and wish to spend their money wisely without getting fooled in bad projects. Hence, the developers should adopt transparency in their work by strictly following the RERA norms, said Maha RERA Secretary Dr Vasant Prabhu. He was speaking at the RERA compliances workshop organized by CREDAI Maharashtra. Present on the occasion were Shantilal Kataria, President CREDAI Pune Metro, Shrikant paranjape, President CREDAI Pune Metro, Suhas Merchant President, CREDAI Maharashtra State advisory council, Akhil Agarwal, CREDAI MAHARERA committee convenor, Aarti Harbhajanka, Dyaneshwar Hadtare, Ranjit Naiknavre, F D Jadhav and realtors from across the state. Dr Prabhu said that many laws come, but poor implementation mars its success. To register the project under RERA, there is no need to visit any office as everything is done online. The realtors can use MAHARERA logo to increase the credibility of their projects towards buyers. After the registration is done, every three months the complete details pertaining to work completed till date, corrections done, if any, number of inquiries & bookings from buyers etc has to be filled. This helps the buyers to get complete information about their project online. This process eliminates
any misconceptions created between customers & developers. Even buyers cannot complain at any point of time as all the information is provided beforehand. Hence, RERA law should not be considered as a burden but an opportunity to ease the transactions between the seller & buyer.