Impact of Real Estate Regulation and Development Act (RERA) on India's Real Estate Sector

Authors

  • Somdutta P. Patil  PG Scholar, Department of Civil Engineering, Dr. D. Y. PATIL School of Engineering and Technology, Lohegaon, Pune, Maharashtra, India
  • Prof. Ashish P. Waghmare  Department of Civil Engineering, Dr. D. Y. PATIL School of Engineering and Technology, Lohegaon, Pune, Maharashtra, India

Keywords:

RERA, Impact

Abstract

Real estate Regulation and development act 2016 is a Revolutionary act in the history of construction industry. This act is useful for consumers as well as for builders for making transparency between them .As this act as various impacts on construction industry. So in this paper the scope of the real estate Regulation and development act is covered. Also the impact on the new projects and also on the ongoing projects is also discussed in this paper because RERA involves ongoing projects. This paper also covers the impact of the RERA ongoing projects is also discussed because mostly builders have to change their design and estimates and other services which he is going to provide. So it is very important matter of concern for the builders. Overall this paper covers impact of rera on consumer builder real estate agents buyers.

References

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International Journal of Scientific Research in Science and Technology

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Published

2017-12-31

Issue

Volume 3, Issue 8, November-December-2017

Section

Research Articles

License

Copyright (c) IJSRST

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

[1]
Somdutta P. Patil, Prof. Ashish P. Waghmare, " Impact of Real Estate Regulation and Development Act (RERA) on India's Real Estate Sector, International Journal of Scientific Research in Science and Technology(IJSRST), Online ISSN : 2395-602X, Print ISSN : 2395-6011, Volume 3, Issue 8, pp.1312-1316, November-December-2017.