The real estate market witnessed stoppage post the Real Estate Regulation and Development Act (RERA) but the market has started emerging as faith of homebuyers and investors is getting restored.

The RERA Act was introduced to create affordability, transparency among builders and homebuyers and give consumers confidence and a clear legal choice for dealing with errant developers and brokers.

The onset of RERA has turned the realty sector upside down by focusing on eliminating black money and improving market transparency so as to make the country’s residential real estate a better place for consumers and investors.

The industry is forthcoming to somewhat stabilize in 2018 as both real estate developers and customers become familiar to the changed regulatory scenario.

Source: Economic Times