Vijayawada: With the real estate sector witnessing a revival across Andhra Pradesh, real estate developers are keenly waiting for the Real Estate Regulatory Authority (Rera) to play a crucial role in ensuring transparency and protecting the interests of both homebuyers and developers. The state’s construction activity gained fresh momentum in recent months, particularly in urban areas, following improved infrastructure and investor confidence.As per the guidelines, every housing project must register with Rera before the commencement of construction. Officials have warned that failure to comply will attract heavy penalties. The move aims to safeguard buyers from misleading advertisements and ensure that developers adhere to approved layouts and deadlines.Authorities revealed that several projects are already being scrutinised for non-compliance. Builders have been instructed to disclose complete details of project approvals, funding sources, and timelines. The emphasis is on accountability at every stage—from land acquisition to final delivery—to prevent disputes and ensure quality standards. However, realtors want Rera to clear some technical hurdles to complete the projects on time. The builders want Rera to consider the revised plan approval date as the commencement of the project instead of the date of the original plan cleared. With the state govt recently nominating the governing council to Rera, the builders are expecting the resolution of long-pending hurdles to help the state witness further growth in the real estate sector.“Many developers have welcomed regulatory clarity, as it helps build buyer confidence and stabilise the market. Rera has become a benchmark for transparency. Projects registered under Rera are seeing quicker sales because customers feel more secure,” said a senior official of the municipal administration and urban development department.The Real Estate (Regulation and Development) Act is now being strictly implemented across all major towns and cities, including Visakhapatnam, Vijayawada, Tirupati, and Amaravati. Officials noted that registrations for new layouts and apartment projects have significantly increased. Industry experts believe that the next phase of urban expansion in Andhra Pradesh will be driven by planned housing development. The govt is also encouraging eco-friendly and affordable housing models under its ‘right place’ initiative, ensuring balanced growth across districts.However, some builders have expressed concerns over delays in approval processes and urged authorities to simplify documentation for faster clearances. Municipal administration minister Narayana assured that digital processing and online monitoring systems are being strengthened to address such bottlenecks.
