Answered on November 08, 2017
There are mixed views on the impact of RERA. While on one hand due to the increased accountability on part of the Promoters, it is expected that it will be safer for the buyers to select registered projects and buy after scrutinizing all available information on RERA website, on the other hand due to imposition of strict guidlnes vis-a-vis deposit and withdrawal of sales proceeds to and from designated bank accounts, it is expected that this will have adverse impact on cash-flows of the promoters which, in turn, will have its impact on the property prices for the buyers.
