Real Estate (Regulation and Development) Act (Rera) and advent of Goods and Sevices Tax (GST) are just structural reforms, and won’t lead to any fall in the property prices, according to National Real Estate Development Council (Naredco).
“The regulations at this point of time are primarily to make things fall in place. They are all structural corrections. As such there is no bonanza given either to developer or the consumer,” Shakuntala Iyer, Chairperson, Naredco Karnataka told reporters here on Friday.
Future course
Speaking at the curtain raiser of Naredco’s 14th National Convention to be held in New Delhi on August 28 and 29, 2017, Shakuntala added that Rera and GST are very clear in directing realtors what to follow.
The two-day national convention will witness participation of bureaucrats, policy makers, experts, leaders, real estate and private equity players all under one roof.
More than 600 people are expected at this year’s convention.
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