Under the Real Estate Regulation and Development Act (RERA), presales or sale of housing units without first securing all the required approvals has been strictly prohibited. Photo: Ramesh Pathania/MintMumbai: Small- and mid-size property firms are struggling to raise funding for projects under the stringent new real estate sector regulations that came into force this year. Under the Real Estate Regulation and Development Act (RERA), presales or sale of housing units without first securing all the required approvals has been strictly prohibited. Ltd, a financial services firm specializing in real estate. Overall working capital has gone up and the requirement of funds has only increased after RERA, according to mid-size real estate companies Ekta World and Nahar Group.

Source: Mint November 28, 2017 22:07 UTC