“It is a welcome move by the government. With the act coming into force, the industry will become organised and will attract more funding. The focus will be changed from launches to execution. The industry will also see an uptake in demand with more people considering real estate as a good asset class in terms of investment.
Developers with a proven track record will benefit from PE funding at competitive rates, completion of ongoing projects and lesser supply of B/C quality products. The act will curtail unapproved projects and land layouts. This might also pose a challenge in the first few months; however, it will make the sector more systematic in the coming years.
Customers will benefit with timely delivery of homes, security of invested money and quality projects to choose from”
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