The much awaited roll out of the Goods and Services Tax (GST) would be the single largest tax reform post-independence. Much like the initial heartburns caused by demonetisation it would trigger some momentary disturbances but augur well for the industry in the long term.

On the impact of Real Estate (Regulation and Development) Act (RERA), Ravish Kapoor, Director of the emerging realty major Elan Group has said, “According to RERA ongoing projects will fall under the ambit of the act. This will expedite the delivery of ongoing projects.

With regard to impact of Real Estate (Regulation and Development) Act (RERA), Vineet Relia, the Managing Director of real estate giant SARE Homes said, “As indicated by RERA, each ongoing project as well as projects which are still under construction, come under its ambit.

On implementation of RERA, Shishir Baijal, Chairman & Managing Director, Knight Frank India has said, “The unorganised world of broking in India would see a new paradigm with the implementation of the Real Estate (Regulation and Development) Act 2016.

Anshul Jain, Managing Director, India Cushman and Wakefield on the RERA Act has said,"The on-ground implementation of the Real Estate Regulatory Authority (RERA) law, beginning May 01, is the single biggest reform which will inspire the much needed trust in time in the sector and therefore boost investments from consumers and private & institutional investors.

Often demotivated by unscrupulous doings of few developers, RERA has already begun to change the perception of the industry. With its full implementation, the sector will witness increased transparency, efficiency and professionalism that will further strengthen home buyers’ confidence.

RERA and the new tax regime in the form of GST promise to revive the realty sector, which ranks among the top in the country in terms of employment generation. RERA will bring much needed transparency in the real estate business. It’s likely to help build trust among all the stakeholders, be it builders, customers, property advisers or employees. It is a very balanced Act which has something good for everyone.

I am looking forward to RERA as its going to have its benefits to both developers as well as the buyers. With RERA coming into force this sector is going to see a great deal of transparency and accountability which has been a dire need for this sector. Developers will get all necessary sanctions which will fasten the development process and avoid delays.

ARD Studio is a dream project which was initiated when I was still pursuing my under graduation degree in Architecture. Coming from an entrepreneur background, I always wanted to build something that I could call my own. It took me quite some time to fulfil this dream and there were a lot of roadblocks, but eventually the dream turned into a reality on August 08, 2013.