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RERA to Boost Demand for Affordable Housing

Real Estate (Regulation and Development) act 2016 finally has come into force across India on May 1. It is expected to protect the interest of the home buyers and weed out the unscrupulous players from the market. Will the act, however, help to increase the demands for budget housing?

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RERA to Boost Demand for Affordable Housing

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  1. PropertySimplified Home AboutUs OurTeam pdfcrowd.com Are you a developer? Try out the HTML to PDFAPI

  2. RERAtoBoostDemandforAffordable Housing May22,2017Real Estateaffordable housingprogram,affordable housing scheme, low incomehousingapartments SrishtiChandola Real Estate (Regulation and Development) act 2016 finally has come into force across India on May 1. It is expected to protect the interest of the home buyers and weed out the unscrupulous players from the market. Will the act, however, help to increase the demands for budget housing? The industry experts say that it definitely will. With PM Narender Modi’s “Housing for all by 2022” agenda, the central government has begun various initiatives to endorse affordable housing for first-time homebuyers. Already, there is huge untapped demand for mid-income and affordable housing. Due to the postponement of the project as well as other irregularities, however, the investment sentiments are presently low. Real Estate Regulatory Authority or RERA will help to rebuild the confidence among the home buyers to invest in affordable housing and real estate as a whole. The act has brought numerous customer-friendly provisions that are bound to grow the demand in realty market. There are various consequences of Real Estate Regulatory Authority that should certainlyincreasethetransparencyaswellashelptoimprovethecompleteconfidenceofthe pdfcrowd.com Are you a developer? Try out the HTML to PDFAPI

  3. buyers. Developers believe that RERA will definitely bring accountability and transparency to the system. People those are buying affordable housing are the most vulnerable segments as their hopes rest on effective implementation of RERAnow. Once these are implemented, Real Estate Regulatory Authority will not only make realty industry more transparent as well as accountable but also make sure that budget housing segment will have only the reliable developers delivering homes. It will provide the customers an added assured quality and delivery. The information will flow freely and the focus will be completely on cash flow management and the project delivery. The reputed developers will only stay while the non-performers will perish. With the implementation of Real Estate Regulatory Authority, the homebuyers will buy budget housing in a relaxed way by being assured that the rules and regulations will certainly protect theirinterests. RERA coupled with the present government sops to bolster the budget housing which will certainly be a game changer for the realty sector. The strict provision of the act certainly usher accountability as well as transparency into the real estate sector and push out the fly-by-night developers. This will certainly bring in some positive customer sentiment as well as will definitely boost affordable housingdemand. However, some developers do believe that although RERA will lead a positive sentiment among the home buyers, it is “housing which is affordable” that certainly will compete with “affordable housing”. Itwill alwaysbea compromise for the basic affordable housingdue to the circumscribed parameters by the authorities such as poor ventilation, crunched room sizes, limited amenities, no car parking, poor specifications, etc. instead, home buyers willcertainly pdfcrowd.com Are you a developer? Try out the HTML to PDFAPI

  4. choose the homes which are affordable as well as offers quality living with well-ventilated rooms of loaded amenities, good sizes, high-quality specifications, allotted car parking,etc. ← Green Homes to be Profitable inLong-run Places to Visit in Bangalore→ Leave aReply Your email address will not be published. Required fields are marked* Comment pdfcrowd.com Are you a developer? Try out the HTML to PDFAPI

  5. Name * Email * Website PostComment Subscribe to ournewsletter Want to be notified when our article is published? Enter your email address and name below to be the first toknow. Send Name Email pdfcrowd.com Are you a developer? Try out the HTML to PDFAPI

  6. Facebook Favista RealEsta… LikePage TwitterTimeline Tweets by@FavistaRealty RecentBlogs Places to Visit in BangaloreMay 23,2017 RERA to Boost Demand for Affordable HousingMay 22, 2017 Green Homes to be Profitable in Long-runMay 19, 2017 Places to Shop in MumbaiMay 18,2017 Pros and Cons of Buying Home with FriendsMay 17,2017 pdfcrowd.com Are you a developer? Try out the HTML to PDFAPI

  7. Favista is a Real Estate Advisory Firm based in Gurgaon, India. Favista believes in making every property transaction experience simple and successful. The aim is to bring transparency, professionalism and simplicity to the complex world of real estate. Favista takes pride in keeping the needs and concerns of the customers in highest regards. Favista Real Estate has been founded by IIT + IIM/INSEADalumni withexperienceinstrategyconsulting,internetmarketing,venturecapitalhaving beenpartofcompaniessuchas McKinsey, Capital One, PartyGaming and SSGCapital. Favista is a full service brokerage helping buyers/investors buy, sell, rent or lease property in India. Favista offers best realty advice for Apartments and Flats for sale in India, land/plots for sale, New Residential & Commercial Projects in India and also assists selling properties at best rates. Favista.com is the only Property Site in India that lists 100% verified properties. Favista currently operates in Gurgaon, Delhi-NCR, Noida, Mumbai and Bangalore.Those intending to sell property in India will also find this website very useful owing to the extensive reach, high brand recall and trustworthiness in the real estatespace. In order to make our customers happy and for us to reach our goals, we follow the key tenets of transparency and consistently maintain integrity in everything that we do. With this professional attitude, we are set to become your preferred choice for all real estate services inIndia. ABOUT About Us Our Team Career ContactUs Terms PrivacyPolicy Disclaimer SiteMap QUICKL INKS PostPropertyFREE EMI Calculator Blogs Compare Projects Download MobileAPP SaleProperty RentProperty pdfcrowd.com Are you a developer? Try out the HTML to PDFAPI

  8. CONTACTFAVISTA Toll Free - 1800 2121 000 (ALLINDIA) Gurgaon -+91-124-3378700 Noida -+91-120-4117463 Unit 235 to 240 2nd Floor, Vipul Trade Center,SohnaRoad Sector 48, Gurgaon,Haryana 122002. Mumbai -+91-22-40142051 Email Sales -sales@favista.com Email Enquiry- info@favista.com 1 Square meter = 10.764 Squarefeet HaveMoreQuestions? Donothesitatetocontactus! ReadourFAQ'sorLeaveafeedbackforustocontactyoushortly. © 2015 Favista Real Estate Pvt. Ltd., All RightsReserved. pdfcrowd.com Are you a developer? Try out the HTML to PDFAPI

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