MoHUA Announces Real Estate E-Commerce Portal At 1st National RERA Conclave

    Date:

    Share post:

    To bring more transparency and ease of doing business in the Indian real estate, Minister of Housing and Urban Affairs Mr. Hardeep Singh Puri has announced the upcoming launch of real estate e-commerce platform. The announcement was made during India’s 1st National RERA Conclave held in Lucknow on Nov. 4.

    Puri was speaking in the inaugural session of the RERA conclave when he made the declaration during his speech. He claimed that by “next makarsankranti,” this e-commerce portal will be operational.

    “We’ve held discussions with both CREDAI and NAREDCO, and we will soon come up with an e-commerce portal for the real estate sector, possibly around Makar Sankranti,” the minister said.

    All information pertaining to all the projects that have been completed, projects that have received occupancy certificates, information regarding size of the house, price of the house and the location will be available on the portal. The minister claimed that “buying property at the portal will as easy as buying something on Amazon or Flipkart.”

    The Minister also declared that he is making the formal announcement after a detailed discussion with the teams and respective heads of CREDAI and NAREDCO. He also declared that national conclave will be held every year on the same lines so that all the stakeholders of real estate industry can meet and share knowledge and other industrial developments.

    Watch a snippet of Puri’s speech video right here.

     

    Although several regional RERA conclaves have been happening over past one year, this was India’s very first national conclave. The event was attended by some 1500 attendees including UP Chief Minister Yogi Adityanath, chiefs of RERA bodies of 17 states along with 50 topnotch financial and banking experts, developers, promoters, and several home buyers’ groups.

    The conclave was organized by UP RERA and sponsored by Government of Uttar Pradesh and Government of India along with the partnership of NAREDCO, CREDAI and National Home Buyers Association.

    1st National RERA Conclave/ Realty Buzz IN
    1st National RERA Conclave/ Realty Buzz IN

     

    Further in the event, Durga Shanker Mishra, the secretary at the Housing and Urban Affairs Ministry, announced the setting up of a common public online portal where all the rulings and orders passed by different RERA authorities across the country in different cased will be easily available.

    Here is more on Indian real estate.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Related Posts

    Latest posts

    Nearly 20 Premium Malls Set to Open by 2026 in Top Indian Cities: Report

    NEW DELHI (AP) — India is poised to see a major expansion in its premium retail infrastructure, with...

    GDA to Introduce Slot System for Property Registrations in Ghaziabad

    The Ghaziabad Development Authority (GDA) will soon launch a slot-based registration system for property buyers in an effort...

    Top Seven Indian Cities See Strong Office Leasing Growth: Vestian

    India’s top commercial real estate markets witnessed robust momentum in 2024, with leasing activity and office rental rates...

    Amaravati Capital City Project Resumes After Five-Year Pause

    Construction has recommenced on the ₹65,000 crore Amaravati capital city project in Andhra Pradesh, marking a significant revival...