The 10 Most Admired Real Estate Tycoons

More documents

Recommendations

Info

RERA DEPLOYMENT Still Thin, But Complaints Galore! nuj Puri, Chairman of AANAROCK Property Consultants, is a highly respected industry authority and thought leader with 30 years’ experience in leveraging Indian and global real estate opportunities. At ANAROCK, he leads a dynamic team of 1800+ real estate service and research experts across 13 key Indian real estate markets and in Dubai, and a global network of 80,000+ preferred channel partners. ANAROCK serves the needs of investors, developers, occupiers, financiers and the public sector. ANUJ PURI Chairman ANAROCK Property Consultants 26 December 2018
Professional Stance More than a year and a half after the deployment of the Real Estate Regulatory Authority (RERA), it is evident that the Centre’s aim to have it enforced in each state to regulate the Indian real estate sector still falls way short of the intended mark. It may be recalled that RERA intended to cover developers as well as real estate agents seamlessly across the country. As it stands now, there are quite a few states still in the process of notifying their RERA rules, while there are others where buyers have been continuously fretting about the dilution of the rules notified. However, one provision that makes RERA across a few states a ‘hit’ among consumers is the rising number of complaints being registered with the respective state authorities, and its redressal timeline. Even if the redressal of complaints is not satisfactory for many, consumers are increasingly bestowing their faith on RERA regulators and coming forward in large numbers to register their complaints. For example, the latest numbers (as on November) show that more than 4,900 complaints have been registered in Maharashtra ever since MahaRERA came into effect. Interestingly, out of this total, orders have been passed for more than 3060 complaints while the remaining are pending with the concerned regulators. Similarly, in UP, a whopping 8,000+ complaints have been registered since RERA notification, of which only a little over one-fourth have been addressed. Looking at these numbers, one can say that while consumers are banking heavily on RERA provisions, the authorities need to buck up and address the concerns in a time-bound manner – as provided in the RERA Act itself. Here is the latest deployment status in the form of a heatmap which provides a ready visual oversight of the actual situation on the ground. Maharashtra still leads the ‘race’ (if it can be called that, considering the overall lack of adrenaline behind this movement) with 18492 RERA-registered projects and 17273 registered agents and agencies. The rest of the numbers speak for themselves: RERA Registered Projects & Agents across States (as on November, 2018) December 2018 17 27
Page 1: www.insightssuccess.in December 201
Page 5 and 6: Editor-in-Chief Pooja M. Bansal Man
Page 7 and 8: Contents 32 Editor’s Heed Ingredi
Page 10 and 11: Cover Story T h e 10 Most Admired R
Page 12 and 13: Aman “ travels the world over in
Page 14 and 15: “ Our Mission is to fulll the gro
Page 18 and 19: Manoj Agarwal Redefining Trust in R
Page 20 and 21: Abbey Homes Expertise in Providing
Page 22: urbanized lifestyle concerns, it is
Page 25 and 26: Maestro’s Talk S.B.Saraswat Resid
Page 27: T h e 10 Most Admired REAL ESTATE T
Page 31: Himachal Pradesh Notified 23 17 Jha
Page 35 and 36: Editor’s Heed ‘ Go Green’,
Page 37 and 38: Small Steps, Big Rewards Apart from
Page 39 and 40: The NBFC Expert’s Opinion - What,
Page 42 and 43: Green The Construction Choice of To
Page 44 and 45: Sanjay Jain Envisioning Affordable

The 10 Most Admired Real Estate Tycoons

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?