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Mumbai: Real estate firms' stocks gain post MahaRERA

Mumbai: Real estate firms' stocks gain post MahaRERA
20 Sep 2017
  • Following the stringent implementation of MahaRERA (Maharashtra Real Estate Regulatory Authority), stocks of realty firms in Mumbai were trading higher on BSE on expectations of a significant shift in the sector favoring organized players.
  • Established players are expected to benefit from MahaRERA and gain good business.
  • Also, small realty firms are merging their projects with large, established developers for complying with MahaRERA.
  • Know more!

  • Mumbai-based realty firms
    FACT
    On BSE, stocks of Bombay Dyeing, Mahindra Life Space, Godrej Properties, Marathon Nextgen, and Oberoi Realty were higher by 20-148% last month and gained 7% in BSE Realty Index. The development was attributed to the opening up of more funding avenues for commercial realty projects.

    RERA would restore buyer confidence, say experts
    MahaRERA
  • Experts say non-serious, or less-capitalized realty players would find it difficult to comply with MahaRERA provisions, which may lead them to partially or fully exit from their projects.
  • This would help the serious, well-capitalized real estate developers as they are expected to benefit from the increased demand and higher realizations.
  • Introduction of RERA would weed out unorganized players, boosting buyer confidence.

  • Edelweiss Analyst Harshal Pandya on MahaRERA
    FACT
    Harshal Pandya said: "The provisions of capital adequacy, full disclosures, and strict penalties should lead to greater transparency and increased customer confidence. This, coupled with favorable long-term fundamentals, should benefit the (real estate) sector."



    This post first appeared on NewsBytes: Latest News, Breaking News India, Today News, Current News, please read the originial post: here

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