{"id":455,"date":"2023-01-11T08:40:00","date_gmt":"2023-01-11T08:40:00","guid":{"rendered":"https:\/\/simplease.in\/blog\/?p=455"},"modified":"2023-07-10T08:02:10","modified_gmt":"2023-07-10T08:02:10","slug":"rera-is-roaring-in-2023-a-quick-update-on-rera-rulings-and-announcements","status":"publish","type":"post","link":"https:\/\/simplease.in\/blog\/?p=455","title":{"rendered":"RERA is roaring in 2023: A quick update on RERA rulings and announcements."},"content":{"rendered":"\n<div class=\"alignnormal\"><div id=\"metaslider-id-456\" style=\"width: 100%;\" class=\"ml-slider-3-100-1 metaslider metaslider-flex metaslider-456 ml-slider ms-theme-default\" role=\"region\" aria-label=\"RERA is roaring in 2023\" data-height=\"1000\" data-width=\"1000\">\n    <div id=\"metaslider_container_456\">\n        <div id=\"metaslider_456\">\n            <ul class='slides'>\n                <li style=\"display: block; width: 100%;\" class=\"slide-464 ms-image \" aria-roledescription=\"slide\" data-date=\"2023-02-12 08:40:50\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/simplease.in\/blog\/wp-content\/uploads\/2023\/02\/1-1000x1000.jpg\" height=\"1000\" width=\"1000\" alt=\"\" class=\"slider-456 slide-464 msDefaultImage\" title=\"1\" \/><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-465 ms-image \" aria-roledescription=\"slide\" data-date=\"2023-02-12 08:40:50\"><img decoding=\"async\" src=\"https:\/\/simplease.in\/blog\/wp-content\/uploads\/2023\/02\/2-1000x1000.jpg\" height=\"1000\" width=\"1000\" alt=\"\" class=\"slider-456 slide-465 msDefaultImage\" title=\"2\" \/><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-466 ms-image \" aria-roledescription=\"slide\" data-date=\"2023-02-12 08:40:50\"><img decoding=\"async\" src=\"https:\/\/simplease.in\/blog\/wp-content\/uploads\/2023\/02\/3-1000x1000.jpg\" height=\"1000\" width=\"1000\" alt=\"\" class=\"slider-456 slide-466 msDefaultImage\" title=\"3\" \/><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-467 ms-image \" aria-roledescription=\"slide\" data-date=\"2023-02-12 08:40:50\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/simplease.in\/blog\/wp-content\/uploads\/2023\/02\/4-1000x1000.jpg\" height=\"1000\" width=\"1000\" alt=\"\" class=\"slider-456 slide-467 msDefaultImage\" title=\"4\" \/><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-468 ms-image \" aria-roledescription=\"slide\" data-date=\"2023-02-12 08:40:50\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/simplease.in\/blog\/wp-content\/uploads\/2023\/02\/5-1000x1000.jpg\" height=\"1000\" width=\"1000\" alt=\"\" class=\"slider-456 slide-468 msDefaultImage\" title=\"5\" \/><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-469 ms-image \" aria-roledescription=\"slide\" data-date=\"2023-02-12 08:40:50\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/simplease.in\/blog\/wp-content\/uploads\/2023\/02\/6-1000x1000.jpg\" height=\"1000\" width=\"1000\" alt=\"\" class=\"slider-456 slide-469 msDefaultImage\" title=\"6\" \/><\/li>\n                <li style=\"display: none; width: 100%;\" class=\"slide-470 ms-image \" aria-roledescription=\"slide\" data-date=\"2023-02-12 08:40:50\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/simplease.in\/blog\/wp-content\/uploads\/2023\/02\/7-1000x1000.jpg\" height=\"1000\" width=\"1000\" alt=\"\" class=\"slider-456 slide-470 msDefaultImage\" title=\"7\" \/><\/li>\n            <\/ul>\n        <\/div>\n        \n    <\/div>\n<\/div><\/div>\n\n\n\n<p>The recent announcement by MahaRERA towards&nbsp;\ud835\udc2d\ud835\udc2b\ud835\udc1a\ud835\udc22\ud835\udc27\ud835\udc22\ud835\udc27\ud835\udc20 \ud835\udc11\ud835\udc1e\ud835\udc1a\ud835\udc25 \ud835\udc1e\ud835\udc2c\ud835\udc2d\ud835\udc1a\ud835\udc2d\ud835\udc1e \ud835\udc1a\ud835\udc20\ud835\udc1e\ud835\udc27\ud835\udc2d\ud835\udc2c \ud835\udc1a\ud835\udc27\ud835\udc1d \ud835\udc2d\ud835\udc28 \ud835\udc29\ud835\udc2b\ud835\udc28\ud835\udc2f\ud835\udc22\ud835\udc1d\ud835\udc1e \ud835\udc02\ud835\udc28\ud835\udc26\ud835\udc29\ud835\udc1e\ud835\udc2d\ud835\udc1e\ud835\udc27\ud835\udc1c\ud835\udc1e \ud835\udc1c\ud835\udc1e\ud835\udc2b\ud835\udc2d\ud835\udc22\ud835\udc1f\ud835\udc22\ud835\udc1c\ud835\udc1a\ud835\udc2d\ud835\udc1e\ud835\udc2c is a great step!<\/p>\n\n\n\n<p>When I ventured into Real estate, one of my first endeavors was to get the requisite license to start the business. It came as a shock to me that no license was required to be a real estate advisor. You could practically &#8220;think&#8221; of being into real advisor one fine day and start your business from the next moment onwards.<\/p>\n\n\n\n<p>While this fact scored high on &#8220;ease of doing&#8221; business, it explained the rationale for the broad negative perception around Real estate businesses.<\/p>\n\n\n\n<p>The absence of a license for an advisory role was an exception when compared to other similar roles like mutual fund advisor, equity advisor, wealth manager, financial planner which require some registration or certification to offer these services. Real estate advisory, which trumps all other asset classes in terms of ticket sizes, had no such regulations.<\/p>\n\n\n\n<p>When RERA was introduced in 2017, it kickstarted the process of registration of agents but the only essential requirement was payment of the Registration fees \ud83d\ude0a<\/p>\n\n\n\n<p>The recent announcement by RERA to make agents obtain a Competency Certificate after clearing an exam is a step in the right direction and augers well for the sector as a whole.<\/p>\n\n\n\n<p>Hoping this is just the beginning!<\/p>\n\n\n\n<p>Do follow us at\u00a0<a href=\"https:\/\/www.linkedin.com\/company\/simplease-india\/\" target=\"_blank\" rel=\"noreferrer noopener\">Simplease<\/a>\u00a0to be updated on the latest development in the sector!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recent announcement by MahaRERA towards&nbsp;\ud835\udc2d\ud835\udc2b\ud835\udc1a\ud835\udc22\ud835\udc27\ud835\udc22\ud835\udc27\ud835\udc20 \ud835\udc11\ud835\udc1e\ud835\udc1a\ud835\udc25 \ud835\udc1e\ud835\udc2c\ud835\udc2d\ud835\udc1a\ud835\udc2d\ud835\udc1e \ud835\udc1a\ud835\udc20\ud835\udc1e\ud835\udc27\ud835\udc2d\ud835\udc2c \ud835\udc1a\ud835\udc27\ud835\udc1d \ud835\udc2d\ud835\udc28 \ud835\udc29\ud835\udc2b\ud835\udc28\ud835\udc2f\ud835\udc22\ud835\udc1d\ud835\udc1e \ud835\udc02\ud835\udc28\ud835\udc26\ud835\udc29\ud835\udc1e\ud835\udc2d\ud835\udc1e\ud835\udc27\ud835\udc1c\ud835\udc1e \ud835\udc1c\ud835\udc1e\ud835\udc2b\ud835\udc2d\ud835\udc22\ud835\udc1f\ud835\udc22\ud835\udc1c\ud835\udc1a\ud835\udc2d\ud835\udc1e\ud835\udc2c is a great step! When I ventured into Real estate, one of my first endeavors was to get the requisite license to start the business. It came as a shock to me that no license was required to be a real [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":457,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[57,56,54,47,60,61,6],"class_list":["post-455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-india","tag-gurugram","tag-mumbai","tag-mumbairealestate","tag-propertymanagement","tag-rera","tag-reraupdates","tag-simplease"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RERA is roaring in 2023: A quick update on RERA rulings and announcements. - Simplease Insights<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/simplease.in\/blog\/?p=455\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RERA is roaring in 2023: A quick update on RERA rulings and announcements. - Simplease Insights\" \/>\n<meta property=\"og:description\" content=\"The recent announcement by MahaRERA towards&nbsp;\ud835\udc2d\ud835\udc2b\ud835\udc1a\ud835\udc22\ud835\udc27\ud835\udc22\ud835\udc27\ud835\udc20 \ud835\udc11\ud835\udc1e\ud835\udc1a\ud835\udc25 \ud835\udc1e\ud835\udc2c\ud835\udc2d\ud835\udc1a\ud835\udc2d\ud835\udc1e \ud835\udc1a\ud835\udc20\ud835\udc1e\ud835\udc27\ud835\udc2d\ud835\udc2c \ud835\udc1a\ud835\udc27\ud835\udc1d \ud835\udc2d\ud835\udc28 \ud835\udc29\ud835\udc2b\ud835\udc28\ud835\udc2f\ud835\udc22\ud835\udc1d\ud835\udc1e \ud835\udc02\ud835\udc28\ud835\udc26\ud835\udc29\ud835\udc1e\ud835\udc2d\ud835\udc1e\ud835\udc27\ud835\udc1c\ud835\udc1e \ud835\udc1c\ud835\udc1e\ud835\udc2b\ud835\udc2d\ud835\udc22\ud835\udc1f\ud835\udc22\ud835\udc1c\ud835\udc1a\ud835\udc2d\ud835\udc1e\ud835\udc2c is a great step! When I ventured into Real estate, one of my first endeavors was to get the requisite license to start the business. It came as a shock to me that no license was required to be a real [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/simplease.in\/blog\/?p=455\" \/>\n<meta property=\"og:site_name\" content=\"Simplease Insights\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-11T08:40:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-10T08:02:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/simplease.in\/blog\/wp-content\/uploads\/2023\/02\/1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Research Team Simplease\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Research Team Simplease\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/simplease.in\/blog\/?p=455\",\"url\":\"https:\/\/simplease.in\/blog\/?p=455\",\"name\":\"RERA is roaring in 2023: A quick update on RERA rulings and announcements. - Simplease Insights\",\"isPartOf\":{\"@id\":\"https:\/\/simplease.in\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/simplease.in\/blog\/?p=455#primaryimage\"},\"image\":{\"@id\":\"https:\/\/simplease.in\/blog\/?p=455#primaryimage\"},\"thumbnailUrl\":\"https:\/\/simplease.in\/blog\/wp-content\/uploads\/2023\/02\/1.jpg\",\"datePublished\":\"2023-01-11T08:40:00+00:00\",\"dateModified\":\"2023-07-10T08:02:10+00:00\",\"author\":{\"@id\":\"https:\/\/simplease.in\/blog\/#\/schema\/person\/84a6dfa3bbe895553569525a7dd38f83\"},\"breadcrumb\":{\"@id\":\"https:\/\/simplease.in\/blog\/?p=455#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/simplease.in\/blog\/?p=455\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/simplease.in\/blog\/?p=455#primaryimage\",\"url\":\"https:\/\/simplease.in\/blog\/wp-content\/uploads\/2023\/02\/1.jpg\",\"contentUrl\":\"https:\/\/simplease.in\/blog\/wp-content\/uploads\/2023\/02\/1.jpg\",\"width\":1080,\"height\":1080},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/simplease.in\/blog\/?p=455#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/simplease.in\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"RERA is roaring in 2023: A quick update on RERA rulings and announcements.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/simplease.in\/blog\/#website\",\"url\":\"https:\/\/simplease.in\/blog\/\",\"name\":\"Simplease Insights\",\"description\":\"Real Estate Made Simple &amp; 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