Post RERA focus on rental markets


By Accommodation Times Bureau

In order to get more business post the stringent implementation of RERA property brokers are now shifting their focus to rental markets. The rental as compared to the purchase home market is much uncomplicated and involves less paperwork, this could be one of the main reasons added with large profit margins and easy returns. “RERA is going to have a positive impact on the property market and will grow exponentially upon the exit of unscrupulous builders and brokerage firms. However, due to the slowdown in new project launches, brokers want to focus on the rental market,” the survey said.”With stringent rules being implemented under RERA, 42 per cent brokers are now planning to shift their business focus from new project launches to closure of deals of resale properties,” it said.

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