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Real estate stocks suffer steep fall due to delayed implementation of RERA.

Dated on: Wednesday 9th August 2017

Nifty Realty Index saw a drop in the realty stocks, which is the result of slow-going procedure
for RERA registrations in many states and also the recent decision of the banks to not provide
the builders with loan unless registered with the Act.
The shares of HDIL, DLF, Delta Corp were among others affected by the lack in timely
implementation of the RERA Act.
More than 10 states are yet to notify the endmost rules, while the deadline for the same has
ended.

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