RERA is the talk of the hour and it has garnered its fair share of attention. Since its implementation in a number of Indian states, many promoters have registered themselves under RERA. The future of the other low ranking and part time agents seems not to be so bright though since they are claiming that the compliance and registration fee is too high for them and RERA as a whole is unpractical.
On the other hand, promoters who are really serious about their business can work around this situation and dominate the market. Here are a few things that can be suggested that can be applied.
Get Registered Under RERA from the State Regulatory Authority
Register yourself as a legal Real Estate Agent under RERA so you are free to conduct any sort of real estate business legally. Each state mechanism may differ according to the implementation and procedure. You can then get your projects with their own timelines individually registered.
This not only ensures transparency but also instills a sense of confidence in your buyers as they get a guarantee for their investment.
All the information then goes to the respective RERA website where concerned parties can keep track of the happenings and events.
For promoters , this proves to be beneficial as there is no need to worry anymore for government approvals and permissions as everything is kept on record for reference. The promoter can spend all his time and concentration on the actual construction and delivery of the project.
Use a Legal and Compliant Platform for your Referrals
Once everything is legalized and work is underway or completed, the use of referral marketing can be started.
Loyalie is one such platform which is RERA compliant. The digital platform of Loyalie can be used to run referral programs for your buyers. Now since you have already registered yourself and your projects under RERA, the word of mouth marketing for your offers and schemes will be very strong and effective as it projects transparency.
Loyalie’s advanced dashboard can be used to track each and every offer and referral. It is secure and your buyers can track their own progress using the website and get programmed rewards by simply using a mobile app. Click here to request a quick demo of the process. We are looking forward to help and grow your real estate and referral business.