Centre to launch e-comm portal for realty trade soon

The central government will come up with an e-commerce platform for the 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 recently.

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

The objective of the 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 projects 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.

News Source: Economic Times, Url: https://bit.ly/2PPECPA

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