About 45% developers have no formal process in place to comply with RERA: Report

About 45% developers have no formal process in place to comply with RERA: Report
21/02/2018 , by , in News/Views

About 45 per cent developers across India have no formal process in place to manage compliance mechanism of RERA while 44 per cent have made some modifications to their MIS (Management Information System), a recent report by FICCI and Grant Thornton Advisory titled RERA: How you are gearing up for Compliance  has revealed.

The survey was conducted to assess the readiness on the compliance side of the real estate developers.

It further revealed that nearly 80 per cent of the board/senior management are using common methods like excel based MIS reporting to review RERA compliance.

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