[INDIAN REAL ESTATE NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd.
Here I have an important Indian real estate news to share with you which is as undermentioned.|
Kolkata: More than a year after implementing the Real Estate (Regulation and Development) Act (RERA), the legislation remains a non-starter on the ground in many states, posing a challenge to home-buyers and developers, experts say.
Among the states and Union Territories in India, Maharashtra takes the pride of place when it comes to proactive adoption, implementation and integration of the act, followed by Uttar Pradesh, Gujarat, Madhya Pradesh and Karnataka, according to the experts.
"As per respective state RERA websites in August 2018, more than 32,306 projects and 23,111 real estate agents have been registered under RERA across states. Maharashtra has the highest share of registered projects under RERA, accounting for 17,353," Anarock Property Consultants' Chairman Anuj Puri said.
Read more at:
Kamagroup Pvt. Ltd.
Have a nice day.