RERA needs to use its powers to find workable solution to revive stalled housing projects: experts

Mumbai, Aug 11 (Agency) Real estate and construction being the second largest employment provider after agriculture and a leading contributor towards the country’s GDP, RERA needs to use its powers to find a workable solution to revive stalled housing projects, said experts at WIRC of ICAI’s RERA conference on Thursday. Western India Regional Council of the Institute of Chartered Accountants of India (WIRC of ICAI) had organised a conference on the Real Estate Regulatory Authority, a release stated here.

WIRC of ICAI had organised conference to upskill, train and keep its CA members abreast of the latest happenings in all topics and aspects related to their profession. The RERA conference was organised with an objective of creating awareness about the current issues and developments with respect to RERA and the opportunities it provided for professionals such as chartered accountants and lawyers. RERA Bill was introduced in 2013 and in December 2015, the Union Cabinet approved 20 major amendments to the bill, the release added.