The Real Estate Regulatory Authority Act (2016) has completed over a year, with promoters and real estate experts pondering over its credibility and long term success. Though some feel RERA has not achieved as much as it had promised, one cannot ignore clear indications of its success in easing out real estate businesses in the states that have implemented it and creating new ways of how to sell a home.
The RERA Act has significantly helped in the execution and delivery of real estate projects across the country. It has strict penal provisions for builders exceeding project delivery deadlines. Thus builders are now focused on timely deliveries which have resulted in a long line of homes ready of sale. Thus, RERA-Compliant developers can assure home buyers with credibility and trust in their transactions.
The RERA Act 2016 deems any person making referrals – as a real estate agent, thus requiring registration. Hence, any unregistered referrer cannot make an individual referral because it will be considered illegal. This has helped organize the Indian Real Estate Industry in a concrete, reliable and corruption-free way.
As a result of the established organized structure in Real Estate functioning, a broker or channel partner is also determined to follow a fixed set of rules and regulations. This helps a channel partner to function in a more effective way. Also, it builds trust and reliability between customers and channel partners.
Now, how would you manage all of the business marketing and execution in a systematic, legal and hassle free way? We have the perfect solution for you!
Loyalie is an advanced marketing solutions platform which is RERA-Compliant. Through Loyalie’s legal platform, you can run RERA-Compliant referrals for your home buyers as well as employees. We also have comprehensive and customizable loyalty and engagement solutions for your prospects and present residents. Apart from this, we have our newest launch, a Channel Partner Loyalty Program, for all your valued channel partners.
Get in touch with us through here.