Seminar on RERA: Concerns in Real Estate held

When the Indian economy reaches 30 trillion US $ by 2047, the real estate as a sector will contribute $ 6 trillion to the economy: Sunil Chandra Reddy, President of NAREDCO Telangana. The complexities, challenges and opportunities presented by RERA require our collective attention and understanding: Suresh Kumar Singhal, Sr VP FTCCI.

Hyderabad, December 9, 2023......  The Federation of Telangana Chambers of Commerce and Industry (FTCCI) organized a Seminar on RERA: Concerns in Real Estate at its premises in Federation House in Red Hills in Hyderabad on Saturday. 


RERA stands for Real Estate (Regulation and Development) Act is a very significant act enacted by the Government of India.  It has significantly contributed to bringing transparency, accountability and investor confidence in the real estate sector in India. The complexities, challenges and opportunities presented by RERA require our collective attention and understanding. 


RERA is the biggest piece of legislation for Real Estate in India, said Mr Sunil Chandra Reddy, President of NAREDCO Telangana.  Real Estate contributes 20% to the economy.  It contributes 800 million US $.   By 2047, when India reaches an economy in the range of $33-40 trillion, the real estate as a sector will be 6 trillion US $.  That is why the government also recognizes it as the most important sector, he said.


Abhishek Tibrewala, Chair of FTCCI Infrastructure, Real Estate & Smart Cities Committee said that the seminar was organized to walk through new concerns, challenges and opportunities that RERA has brought in the world of real estate.  It will give an in-depth knowledge about the subject. 


E. Suhail Ahmed, Partner M/s Trialbase-Advocates & Smriti Legal LLP, Bengulur gave in-depth information about dos and don’ts, legal positions and familiarised the participants with the law. 


Aimed at 250-plus Developers, Real Estate, Agents, Builders, Buyers, Legal Professionals and Industry enthusiasts it focused on navigating the challenges and opportunities surrounding RERA (Real Estate Regulatory Authority).  It explored insightful discussions and gained a comprehensive new understanding of how RERA impacts the real estate industry added CA Vinay Thyagaraj. 


RERA is very significant for the real estate industry for better governance, enhanced transparency, improved project efficiency and a robust and fully developed project delivery. Standardization and quality.


Vijaya Sai Meka, Secretary General of NAREDCO Telangana also participated 

Tags : #RERA #FTCCI #NAREDCO #telengana #realestate #medicircle

About the Author

Team Medicircle

Related Stories

Loading Please wait...


Trending Now

FLO organised a unique program at Bansilalpet Step-wellMarch 01, 2024
Dr Raj Nagarkar Achieves Milestone As India's 1st & World’s 3rd Oncosurgeon To Perform Robotic Lobectomy With VersiusMarch 01, 2024
IIIT Hyderabad receives grant from Qualcomm to fund and support Edge AI ResearchMarch 01, 2024
FORSYS Inc opens new office in financial districtFebruary 29, 2024
The Rise in Patients Requiring Revision Hip Replacement SurgeryFebruary 29, 2024
Aakash Launches Study Material in BengaliFebruary 29, 2024
Harmony in Action: Nisarg Srishti's Dual Impact Initiative Unleashes a Symphony of Change at Sane Guruji Shikshan Sanshtha, Pragati VidyalayaFebruary 29, 2024
Wearable Tech in the Bedroom: Introducing Loop, MyMuse’s Vibrating Ring Massager for MenFebruary 28, 2024
TechInvention Lifecare announces the ground breaking of its state-of-the-art Global Collaborative Centre for Medical Countermeasures February 28, 2024
Endocrine Disorders: Causes, Tests And TreatmentFebruary 28, 2024
Çelebi Delhi Cargo Terminal Management Bolsters Security and Efficiency with "CargoCEL," Barcode Scanning UpgradeFebruary 28, 2024
Venkaiah Naidu unveiled a book “There I Was” authored by Mrs Aruna Ravi KumarFebruary 27, 2024
Maxivision Super Specialty Eye Hospitals introduces Schwind Amaris 500, a state-of-the-art German InnovationFebruary 27, 2024
Maximising circular economy strategies for rare earth elements supplyFebruary 27, 2024
FICCI Ladies Organization organised an interaction with one of the doyens of the Indian IT industry Dr BVR Mohan ReddyFebruary 27, 2024
Nat Habit strengthens leadership to accelerate its growth journey to 500 Cr; onboards Ankita Srivastava (ex-L’Oreal, Reckitt, Marico, Raymond Consumer Care) as Chief Marketing OfficerFebruary 27, 2024
Shiprocket Launches Aarambh 2024 for Women-Led SMEs NationwideFebruary 27, 2024
Treatment is prevention: Stop the spread of infection by finding all and treating all TBFebruary 27, 2024
Advancing Healthcare Access: ScreenHer initiative in Pakistan close to reaching milestone of 20,000 diabetes screenings in 70 clinics February 26, 2024
FICCI Ladies Organization organized an interaction with one of the doyens of Indian IT industry Dr BVR Mohan ReddyFebruary 26, 2024