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Published in:

Volume 7 Issue 3
March-2020
eISSN: 2349-5162

Unique Identifier

JETIR2003201

Page Number

1358-1372

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Title

IMPACT OF RERA ON SMALL, MEDIUM AND LARGE SIZE CONSTRUCTION INDUSTRY IN INDIA

ISSN

2349-5162

Cite This Article

"IMPACT OF RERA ON SMALL, MEDIUM AND LARGE SIZE CONSTRUCTION INDUSTRY IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 3, page no.1358-1372, March-2020, Available :http://www.jetir.org/papers/JETIR2003201.pdf

Abstract

A construction project is commonly accepted as a successful project when the aim of the project is achieved in terms of scheduled objectives of finishing the project on time, within budget and to the required quality standard. Delay in construction projects is considered one of the most common problems causing a multitude of negative effects on the construction projects. Construction delays can be minimized only when their cause are identified. a construction project is commonly accepted as a successful project when the aim of the project is achieved in terms of scheduled objectives of finishing the project on time, within budget and to the required quality standard. Delay in construction projects is considered one of the most common problems causing a multitude of negative effects on the construction projects. The Act came into force from 1 May 2016. Remaining provisions came into force from 1 May 2017. The objectives of this act are to Ensure Transparency & Efficiency in real estate sector in regards to sale of plot, apartment, building or real estate project; Protecting the interest of consumers in real estate sector; Establishing adjudicating mechanism for speedy dispute redressal and Establishing Appellate Tribunal to hear appeals from the decisions, directions or orders of the Real Estate Regulatory Authority. Prior to RERA, there was no clarity on carpet area, was sort of monopoly of Builders regarding loading, rates, modes of payments. There were Frauds, no clear picture of project, possession, sanctions. An attempt has been made to find out the immediate impact of this act on the Builders, and the customer. The scope of study is limited to Pune area region. In this project we are going to study impact of RERA on small, medium and large construction Industry in India.

Key Words

RERA (Registration of Real Estate Project and Registration of Real Estate Agents), promoters, Allottee, Real estate project

Cite This Article

"IMPACT OF RERA ON SMALL, MEDIUM AND LARGE SIZE CONSTRUCTION INDUSTRY IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 3, page no. pp1358-1372, March-2020, Available at : http://www.jetir.org/papers/JETIR2003201.pdf

Publication Details

Published Paper ID: JETIR2003201
Registration ID: 229997
Published In: Volume 7 | Issue 3 | Year March-2020
DOI (Digital Object Identifier):
Page No: 1358-1372
ISSN Number: 2349-5162

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Cite This Article

"IMPACT OF RERA ON SMALL, MEDIUM AND LARGE SIZE CONSTRUCTION INDUSTRY IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 3, page no. pp1358-1372, March-2020, Available at : http://www.jetir.org/papers/JETIR2003201.pdf




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