SIGN IN YOUR ACCOUNT TO HAVE ACCESS TO DIFFERENT FEATURES

FORGOT YOUR PASSWORD?

FORGOT YOUR DETAILS?

AAH, WAIT, I REMEMBER NOW!
Residential Builders in South Delhi, Real Estate Company, Construction in Delhi
  • Financial Partners
  • Investor’s Desk
    • Corporate Announcement’s Desk
    • Corporate Governance
    • Financial Information
    • Shareholding Pattern
    • Downloads
  • Media & Articles
  • Home
  • About Grovy
    • Grovy Story
    • Management Team
    • What is EPP model?
    • Fun Facts
  • Projects
  • Service Profile
    • Joint Venture & Purchase
    • Turnkey Solution
  • 360° Virtual Tour
  • Clients’s Speak
  • Contact
Follow Grovy IndiaFollow Grovy India on InstagramFollow Grovy India Business Page
  • Home
  • Media & Articles
  • Articles & Blogs
  • Rera Impact on Real Estate Market
Friday, 12 January 2018 / Published in Articles & Blogs

Rera Impact on Real Estate Market

Rera Impact on Real Estate Market

It’s evident that the real estate market in India has witnessed an enormous transformation in the recent times.The infrastructural development in the country has been steady and this development along with positive steps taken from banks have resulted in increased demand in real estate sector.

A new chapter in the history of real estate sector was created in India with the implementation of the Real Estate Regulation Act, 2016, (RERA) on May 1, 2017. This act has provided opportunity to each state and union territory now to have its own Regulatory Authority (RA) that will frame rules and regulations which compliment with the Act. The implementation of this act had given hopes to Indian real estate market to get back on the growth track. Being a well established company GROVY INDIA gave capabilities to withstand these changes successfully.

RERA will protect the rights of the consumer and also will help building trust in direct investment in Real Estate that results in attracting more domestic and foreign investors. This also brings stability in the sector as it restricts developers by elevating prices unnecessarily. It doesn’t mean that prices will set by any government authorities rather it depends on current market trends. This law looks promising in bringing more transparency and clearance in real estate sector, this turns out as biggest advantage to real estate companies as they are credited from market as well along with banks and financial service providers. This eases the fundraising process. It has brought new opportunities for Grovy India to mark its impact in real estate field as we have maintained the transparency since the inception.

The RERA states that the real estate developers have to specify the time that they are taking to complete the project , This has forced the developers to concentrate more on on-going projects. As Grovy India is been doing the same from years it has no obstacles on the track. We are well prepared to meet the current demands of real estate field and we are proud that we are well known for completing projects within given time. So this statement from RERA won’t affect the working status of our firm and fulfilling the dreams of our consumers.

  • Tweet

What you can read next

Rejuvenate your house with Grovy
Rejuvenate your House with Grovy
CoronaVirus - Stop the spread
#CoronaVirus – Act Responsibly – Stop the spread
Open-House-A76
Open House event hosted by Grovy to showcase project A-76 in East of Kailash

Categories

  • Articles & Blogs
    • Broker Events
    • Property News in Delhi, NCR
    • Real Estate Industry

Recent Posts

  • Safe South Delhi

    South Delhi – one of the safest places to live

    Many people consider South Delhi one of the saf...
  • South Delhi home design

    Variations in South Delhi home design post Covid-19

    ...
  • Buying property from Grovy

    Benefits of buying property from Grovy

    ...
  • South Delhi Builders

    South Delhi is the place to go!

    ...
  • Mr. Pankaj - Grovy Client

    Satisfied Customers

    ...
Grovy India

Grovy India

Grovy India limited was established in the year 1985, with a purpose of developing extraordinary real estate properties that would change the scenario of the construction industry.

Equipped with teams of skilled and experienced engineers, architects, planners and designers Grovy has established itself as developers of ‘Boutique Apartments’.

COMPANY

  • Home
  • About Grovy
  • Projects
  • Service Profile
  • 360° Virtual Tour
  • Client’s Speak
  • Contact
  • Financial Partners
  • Investor’s Desk
  • Media & Articles

CONTACT

Grovy India Limited
122, Vinobapuri, Lajpat Nagar 2,
New Delhi - 110024, India

Mobile: +91-9810522153
Phone: +91-11-46740000

Email: info@grovyindia.com

PROJECTS

  • Builders in East of Kailash
  • Builders in Greater Kailash
  • Builders in Kailash Colony
  • Builders in Lajpat Nagar
  • Builders in Hauz Khas
  • Builders in Safdarjung Enclave
  • Builders in Sarvodaya Enclave
  • Builders in South Delhi

© Grovy India Limited. All rights reserved • Powered By Talking Image

TOP Call Now Button+91-11-46740000