Builders Await Rera Clarity as Andhra Pradesh Real Estate Sector Revives
Vijayawada: The real estate sector in Andhra Pradesh is witnessing a significant revival, and developers are keenly anticipating the role of the Real Estate Regulatory Authority (Rera) in ensuring transparency and protecting the interests of both homebuyers and developers.
The state's construction activity has gained fresh momentum in recent months, especially in urban areas, thanks to improved infrastructure and increased investor confidence. According to the guidelines, every housing project must register with Rera before construction begins. Authorities have warned that non-compliance will result in heavy penalties. This move aims to protect buyers from misleading advertisements and ensure that developers adhere to approved layouts and deadlines.
Authorities have revealed that several projects are currently being scrutinized for non-compliance. Builders have been instructed to disclose complete details of project approvals, funding sources, and timelines. The emphasis is on accountability at every stage, from land acquisition to final delivery, to prevent disputes and ensure quality standards. However, real estate developers are requesting Rera to address some technical hurdles to ensure timely project completion.
Developers want Rera to consider the revised plan approval date as the commencement of the project instead of the date of the original plan cleared. With the state government recently nominating the governing council to Rera, developers are hopeful for the resolution of long-pending issues, which could further boost the real estate sector in Andhra Pradesh.
Many developers have welcomed the regulatory clarity provided by Rera, as it helps build buyer confidence and stabilize the market. 'Rera has become a benchmark for transparency. Projects registered under Rera are seeing quicker sales because customers feel more secure,' said a senior official from the municipal administration and urban development department.
The Real Estate (Regulation and Development) Act is now being strictly implemented across all major towns and cities, including Visakhapatnam, Vijayawada, Tirupati, and Amaravati. Officials have noted a significant increase in registrations for new layouts and apartment projects. Industry experts believe that the next phase of urban expansion in Andhra Pradesh will be driven by planned housing development.
The government is also encouraging eco-friendly and affordable housing models under its 'right place' initiative, ensuring balanced growth across districts. However, some builders have expressed concerns over delays in approval processes and have urged authorities to simplify documentation for faster clearances. Municipal administration minister Narayana assured that digital processing and online monitoring systems are being strengthened to address such bottlenecks.
