RERA to encourage new business models
The Real Estate (Regulation and Development) Act, 2016 RERA is aimed at revamping the business models of developers. Earlier the trend was to launch projects without any thought and there was no guarantee of completion of the projects. Now, through…

The Real Estate (Regulation and Development) Act, 2016 RERA is aimed at revamping the business models of developers.

Earlier the trend was to launch projects without any thought and there was no guarantee of completion of the projects. Now, through the RERA act, a deadline has been given for the projects to be completed.

This is one of the major initiatives of the government   to improve the business model of developers who will now be required to bring    more transparency as well as accountability in their system that would also enhance consumer confidence.

Also, the Goods and service tax (GST) as well as the Benami Transactions (Prohibition) Amendment Act 2016, will have a major impact on, how developers run their business.

Also the Real Estate investment Trusts (REITs)  will have an important and long-term impact on developers, with the choice of either ‘corporatizing’ or risking taking over, by their larger counterparts.

Ends

Related Articles

Related

Finding the right Due Diligence Tools

Choosing the best research tools for your enterprise can help reduce the time and effort you spend on exploration. These tools help you to get a better thought of a industry’s connections, financial performance, and legal record. They also allow you to identify a...

read more

TotalAV Antivirus Review

Designed with convenience in mind, TotalAV is a great antivirus collection that offers thorough Learn More Here protection against viruses, malware, malware, plus more. It features an straightforward user interface and a wide range of features to help shield your...

read more

The right way to Conduct a Board Gatherings Overview

During a table meetings overview, directors of a company discuss their latest efficiency, new business options and possible plans for you can actually future. The board also evaluates current and past strategies. The results is a strategy for you can actually growth....

read more

0 Comments

Submit a Comment

Your email address will not be published.

Share This