RERA seeks to bring clarity and fair practices that would protect the interests of buyers and also impose penalties on errant builders and while there’s everyone talking about how this well help the home buyers, we tried reaching out to some developers and take their perspective. Here’s what they have to say

RERA is a good move to get the consumer confidence back in the market but a lot depends on how it gets implemented. Hope the concerned authorities are also made answerable since they are an important part of the machinery. I believe Bangalore builders were always sensitive to the customer sentiments. Valmark in particular has been following the spirit of RERA from inception – Mamta Bharaktiya, Director Valmark

We welcome the new regulation – RERA. It will help regularise the real estate business and for big developers like Brigade, it will ensure that good practices followed by us will become a rule and also provide comfort to the end buyer. This will also ensure fly by night operators will vanish and only the structured players will remain in force – Viswa Prathap Desu, Sr.Vice President – Sales & Marketing, Brigade Group

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