Jayraj Builders Vadodara founder opens up about RERA, calls it “a win-win situation for all”
Founder of Jayraj Builders Vadodara, Jayesh Dave has said that the successful implementation of the RERA Act is beneficial for all sections of the society, which includes builders and promoters. According to him, the Act has an important role in providing quality accommodation on time to the needy, and this will contribute in empowering the country’s economy, while benefiting the real estate sector.
Welcoming the move, Jayesh Dave, also the MD of Jayraj Builders Vadodara, said, “RERA is the very first regulatory body in real estate sector. The industry needed it. Some developers were indeed following industrial malpractices, thus maligning the image of realty developers as a whole.”
He added, “We sincerely appreciate the step (implementation of RERA). The developers as well as the customers were suffering under the previous laws. This (RERA) is a much needed respite to builders as well as to the investors. The developers, on their part, now need to support this initiative by complying with the rules.
According to the Jayraj Builders MD, it is essential to register under construction and new residential projects, under the RERA Act by running a campaign, as it will make solving the problems of allottees easy. He said that by resolving consumer complaints under the Act, the real estate sector will flourish.
Jayesh Dave, Founder of Jayraj Builders, also emphasized upon the need to create a favorable environment in the state towards the RERA Act. “The RERA Authority will have to show presence in the state by reaching out to various zones, so that the resident parties get the proper benefit of the provisions of the Act,” he said.
According to Dave, the RERA Act, through its regulation of the erstwhile unregulated real estate sector, is presenting a win-win situation for all, benefitting consumers and real estate developers alike.