The perception about PEB being costlier is only a notion as the industry has grown by leaps and bounds over the last 16+ years and more than 25 players have entered the market since then providing employment to hundreds of people. This growth is in itself shows that these structures are not very expensive but economical in nature as the overall project cost comes down.

RERA2016 will bring more transparency and diligence in the real estate sector. Most of the provisions have taken into consideration the buyers’ perspective. The real estate companies will have to approach their respective associations in order to have provisions amended, which will enable them to be heard.

The passing of the long-pending Real Estate Regulatory Bill, which was being hotly debated and second-guessed for far too long, is an unequivocal victory for the Indian real estate sector.

The Indian real estate sector has historically been unregulated and very disorganized. Unfortunately, the unorganized segment has so far represented the largest share of the market

Once implemented, the Real Estate Regulatory Bill will not only change the way real estate works but will also be beneficial to all the concerned stakeholders.

The real estate regulatory bill has been long in the pipeline, and has now cleared all roadblocks and become a law.

The Real Estate and Regulatory bill, as the name suggests would be a regulator of the entire real estate sector which at present is unorganized.

Real estate bill will help improve the sentiments of home buyers by boosting their confidence level and making them more comfortable while buying properties.

The bill once made a law will not only protect property buyers but will also boost investments in the sector.