Maharashtra Housing Act: A welcome step to standardize the real estate sector

Investing in real estate has always been considered as an extremely lucrative and promising investment. However, most suburban property buyers often find themselves constrained between irrational property prices, tall but hollow claims from the developers, incompetent quality and painful delays in the completion of the projects. Not all developers understand the turmoil of their buyers and come up with concrete solutions to tackle such situations.

Gera Developments takes pride in being counted as one of the most prominent and trusted real estate conglomerates. Its remarkable pre and post sales services instantly set?s the brand a class apart. Its fundamental principles, which include, indomitable customer service, transparency in commercial dealings & timely project delivery have always been a constant in all of its creations. However, the brand has also been supportive of having an external statutory body or authority that has the power to curtail shoddy responses from the developers in general and protect the rights of the buyers.

The introduction of the Maharashtra Housing (Regulation and Promotion of Construction, Sale, Management and Transfer) Act, has been warmly welcomed by the group. Though the act is still in its nascent stages, the group feels that it will solve numerous issues that the buyers face. As Mr. Rohit Gera, M.D Gera Developments rightly points out? The Maharashtra Housing Act was passed a few years ago and the appointment of the regulator has been pending ever since. There is no doubt that there is a need for some form of protection for the home-buyers and as such, the decision to implement the act and appoint the regulator is a welcome move."

The group feels that a state regulator for real estate will be a major contributor to the growth of real estate and will also help weeding out elements that jeopardize the credibility of this sector. It will also render more clarity and will help fast track the approval processes thus ensuring timely completion of the projects. Also, with more transparency the banks and other financial institutes will not hesitate in lending loans and one can expect a remarkable increase in foreign investments in this sector. Overall, it will be a win-win situation for both the consumers and developers, thus leading to a progressive buying- selling cycle.

Company :-Gera Developments

User :- Gera Developments

Email :-geradevelopment@gmail.com

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Url :- http://www.gera.in/