Grant Thornton in collaboration with FICCI is delighted to release its survey based report “Real Estate Regulation Act 2016 (RERA) – Are we ready?”, which gives you an insight on the journey of RERA and what the sector has to say about this latest regulation.
Grant Thornton and FICCI conducted a joint survey to assess the readiness and understanding of the various stakeholders to meet the requirement of RERA and the perceived impact of this important legislation.
While various international markets have varying types of regulations, the Indian Real Sector in India is optimistic that RERA is a perfect cut to solve the issues plaguing the sector. Based on the responses to our survey and the interpretations drawn, one can conclude that the sector has given a thumbs up to RERA.
A snapshot of survey analysis is given below:
More than 40% of the respondents believe that maximum impact will be in the area of project planning and construction.