Regulation on Realty Brokerage
Chennai Real Estate Agents Association (CREAA) is into talks with the state government to implement the Real Estate Regulatory Authorities (RERAs)
Apr 06, 2015
Source : The New Indian Express

 

CHENNAI: Can real estate brokerage business in the metro, worth around `500 to `600 crore a month, be regulated to bring in transparency in the sector?

Chennai Real Estate Agents Association (CREAA) says in the affirmative and says it is into talks with the state government to implement the Real Estate Regulatory Authorities (RERAs) once parliament passes the Real Estate (Regulation and Development) Bill, 2013.

Addressing a press meet here on Saturday, CREAA president Rajesh N Dave and H L Bagra, president of National Association of Realtors India said, realtors are looking forward to the passage of the bill and setting up of state-level regulatory authorities.

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