모든 부동산 프로젝트 개발자들에게 0~5 만큼의 성적을 부여하는 RERA UP RERA to give grades to all realty projects, developers on 0-5 scale
[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.
NEW DELHI: The Uttar Pradesh real estate regulator (UP-Rera) will conduct a grading exercise of developers as well as housing projects in the state, which homebuyers and financial institutions can use as a guide. Each developer and project, as a result, will get an individual rating — on a scale of zero to five, with five being the best.
UP-Rera chairperson Rajive Kumar told TOI on Thursday, “We will start the process from January and the plan is to come out with first grading by September (2019). The grading will be primarily based on feedback of people who have been associated with the project and how compliant they (the projects and builders) are with the Rera rules.”
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