Navin Raheja

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Accomplishments

17th May, 2017

First convocation on Real Estate and Infrastructure organised by NAREDCO Haryana

The conference took place on May 13, 2017 at Hotel Oberoi, Gurgaon. Mr Navin M Raheja, CMD, Raheja Developers shared the podium with some prominent personalities like Mr Rajiv Bairathi, Executive Director & Head - Capital Markets, Knight Frank, Mr Rajan Bandelker, Director Unnathi Estate Raunak Group. Mr Raheja shared his views on RERA and the overall perspective on real estate after RERA implications.

Mr Raheja said, "Regulators should function as a via-media to ensure that customers get the houses that they booked on time. Any delay with ongoing projects should be looked into and solved rather than sending the developers to jail. The provision of imprisonment and escrow account are not going to help resolve issues in the future. The government should instead include stakeholders such as developers, buyers, bankers and the authority for the RERA tribunal."

Mr Rajiv Bairathi, Executive Director & Head - Capital Markets, Knight Frank, said, "The Real Estate (Regulation and Development) Act , aimed at bringing in transparency and redefining the engagement between various stakeholders, can be a potential game-changer. The Act will transform the way in which various stakeholders operate, it will particularly have a far-reaching impact on residential developers, who would need to recalibrate their business practices to stay in the game."