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Centre to come-up with e-commerce platform for real estate

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CREDAI ( Confederation of Real Estate Developers Association of India) and NAREDCO (National Real Estate Development Council ) are the two main national body of real estate developers.

The central government will come up with an e-commerce platform for real estate sector, union housing and urban affairs minister Hardeep Singh Puri said. 

“I had a discussion with CREDAI and NAREDCO and very soon we will come up with the e-commerce platform for real estate sector,” said Puri in the first National RERA conclave in Lucknow on Monday.

CREDAI ( Confederation of Real Estate Developers Association of India) and NAREDCO (National Real Estate Development Council ) are the two main national body of real estate developers.

The objective of e-commerce platform is to bring transparency in the sector and offer only certified projects. 

“The platform, which will be launched by January, will have a list of project that have received the Occupancy Certificate (OC). The purchase will be online and sale will happen via NAREDCO so that responsibility can be fixed,” said Parveen Jain, Vice Chairman, NAREDCO.

Source: ET Bureau

(Note: The story has been published without modifications to the text. Only the headline and intro have been changed.)

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