A Study on Construction Project Management before and after Real Estate Regulation Act, (RERA) 2016
Rajesh Mikkili1, V. Sree Lakshmi2, Venkatesh Kone.3
1Rajesh Mikkili, Department of Civil Engineering, KLEF, Vaddeswaram, Guntur (A.P), India.
2V. Sree Lakshmi, Department of Civil Engineering, KLEF, Vaddeswaram, Guntur (A.P), India.
3Venkatesh Kone, Department of Civil Engineering, KLEF, Vaddeswaram, Guntur (A.P), India.
Manuscript received on 29 April 2019 | Revised Manuscript received on 13 May 2019 | Manuscript Published on 28 May 2019 | PP: 141-146 | Volume-7 Issue-6C2 April 2019 | Retrieval Number: F10260476C219/2019©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Real Estate business at present has become a havoc /nightmare for the customers who are investing in Real estate. There are numerous cases of poor quality, increased cost and delay in projects of construction with respect to client and customer which results in loss of resources. To eradicate these issues, the government has proposed to implement RERA Act in India on May 1st 2016. The main purpose of this act is to protect home-buyers and also to help the real estate industry for investments, provide transparency of transactions and improve the quality of construction. But this act is not being implemented all over India due to various factors. This paper tries to study the factors affecting implementation of RERA, advantages and comparison of RERA implemented building with conventional building by taking a live construction as a case study in Andhra Pradesh. The paper highlights the use of RERA, its benefits and proposes RERA act as mandatory tool/norm for improving the quality and life of building in concern with the customer.
Keywords: RERA, Havoc, Eradicate, Transparency, Implement, Comparison, Conventional Building.
Scope of the Article: Construction Economics