64% developers satisfied with the Real Estate Regulatory Authority: Report

Property Inclusivity

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September 22, 2021

64% developers satisfied with the Real Estate Regulatory Authority: Report

Image credit: The Economic Times

Only 14% of potential homebuyers have visited the RERA website and 24% of these consumers said they are satisfied with the online experience, according to a report on the impact of the Real Estate (Regulation and Development) Act on the real estate sector.

The report, prepared by Omidyar Network India (ONI) in partnership with Boston Consulting Group (BCG), is based on interactions with over 1,300 consumers, developers, regulatory authorities, and other stakeholders, such as chartered accountants, engineers, and architects.

To know more, read the full article here.

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Omidyar Network India invests in bold entrepreneurs who help create a meaningful life for every Indian, especially the hundreds of millions of Indians in low-income and lower-middle-income populations, ranging from the poorest among us to the existing middle class. To drive empowerment and impact at scale, we work with entrepreneurs in the private, nonprofit and public sectors, who are tackling India’s hardest and most chronic problems. We invest in the areas of Advancing Cities, Digital Society, Education & Employability, Emerging Technologies, Financial Inclusion & Well-being and Property Inclusivity.
Omidyar Network India is part of the Omidyar Group, a diverse collection of companies, organizations and initiatives, supported by philanthropists Pam and Pierre Omidyar, founder of eBay.