Narayana, the head of the Andhra Pradesh Real Estate Regulatory Authority (AP RERA), has launched a special drive to streamline pending applications and boost the real estate market. The initiative aims to simplify RERA rules, making it easier for develop
ReraReal EstateAndhra PradeshRegulatory ReformsProperty MarketReal EstateJan 07, 2025
The main goal of simplifying RERA rules by AP RERA is to streamline the regulatory process, making it easier for developers and buyers to navigate, and to boost the real estate market in Andhra Pradesh.
AP RERA is conducting a special drive that includes workshops, seminars, and the development of an online portal to facilitate the submission and tracking of applications, reducing the time and effort required for regulatory compliance.
The real estate sector in Andhra Pradesh faces challenges such as a slowdown in sales, delays in project approvals, and a lack of trust among buyers.
The simplification of RERA rules will reduce bureaucratic red tape, speed up the approval process, attract more investors and developers, and restore confidence among buyers and investors, leading to increased property transactions and a more vibrant market.
AP RERA is focusing on enhancing the enforcement of regulations, including stricter penalties for non-compliance and a more robust system for monitoring the progress of projects, to ensure that developers adhere to the rules and deliver on their commitments to buyers.
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