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RERA Consultants – We aim to provide platform for quick and automated services to buyers, promoters and real estate agents. Rera Registration gets simple with Rera Consultancy. visit us and become RERA compliant Pan India for Real Estate Regulatory and Authority.

While the government has brought in laws such as RERA, over 80 percent of consumers are. Ever since the Goods & Service Tax (GST) regime kicked in in July 2017, real estate developers have been.

How will RERA impact real estate agents. Under the Real Estate (Regulation and Development) Act (RERA), real estate agents will need to register themselves, to be able to facilitate a transaction. The broker segment in India, is estimated to be a USD 4 billion industry, with an estimated 5,00,000 to 9,00,000 brokers.

The commercial real estate market remains a strong beneficiary of India’s economic growth. The commercial segment has been greatly boosted by government initiatives such as Make in India and other reforms in the realty sector such as the introduction of the real estate regulatory authority (RERA) and GST.

In this article, ruchika daga discusses the penalties for non-compliance with different provisions of RERA. What is RERA? The real estate regulation and Development (RERA) Act, 2016 is regarded as one of the landmark legislation passed by the Government of India.

Basic Understanding of RERA Terminology: There are certain persons/projects (namely, Promoter(who initiate the following activity as below mentioned), a real estate agent(the mediator) and (real estate project) for which registration under RERA is mandatory.

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The real estate market has proved to be resilient in 2018. Despite witnessing several major policy changes with the implementation of RERA and GST, we have still managed to do well as an industry. There is stress in certain quarters, but developers who are established and show commitment to corporate governance and transparency, are succeeding.

Before analysing the linkage between both the legislations, the reader must know what RERA is and what the impact of GST on Real Estate Sector is. For the convenience of the same, the article is divided into three segments: initially, a brief introduction on RERA, followed by brief Knowledge on GST.

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In any case, we are all busy with the GST compliance for now,” says an office-bearer of a prominent national-level real estate. RERA and gave a different definition to what an “ongoing project” is..

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