BIZ~COM
Hyderabad UNI Dec 9
The Federation of Telangana Chambers of Commerce and Industry (FTCCI) organised a seminar on RERA: Concerns in Real Estate here.
RERA stands for Real Estate (Regulation and Development) Act is a very significant act enacted by the Government of India.
It has significantly contributed to bringing transparency, accountability, and investor confidence to the real estate sector in India. The complexities, challenges, and opportunities presented by RERA require our collective attention and understanding.
RERA is the biggest piece of legislation for real estate in India, said Sunil Chandra Reddy, President of NAREDCO Telangana, on the occasion.
Real estate contributes 20% to the economy. It contributes 800 million US dollars. By 2047, when India reaches an economy in the range of $33-40 trillion, the real estate as a sector will be 6 trillion US $.That is why the government also recognizes it as the most important sector, he added.
Abhishek Tibrewala, Chair of FTCCI Infrastructure, Real Estate, and Smart Cities Committee, said that the seminar was organized to walk through the new concerns, challenges, and opportunities that RERA has brought to the world of real estate.
E. Suhail Ahmed, Partner, M/s Trialbase-Advocates & Smriti Legal LLP, Bengulur, gave in-depth information about dos and don’ts and legal positions and familiarized the participants with the law.
Aimed at 250+ developers, real estate agents, builders, buyers, legal professionals,and industry enthusiasts focused on navigating the challenges and opportunities surrounding RERA (Real Estate Regulatory Authority).
It explored insightful discussions and gained a comprehensive new understanding of how RERA impacts the real estate industry. CA Vinay Thyagaraj added.
Vijaya Sai Meka, Secretary General of NAREDCO Telangana, also participated
