Properties Listings

The latest RERA mandate was communicated to agents via email on August 10th, 2016 and reported in the press last week. It came into force on Sunday, October 9th. The communication stated that all real estate companies and institutions that wish to publish any real estate announcements or advertise properties in print, online, radio and social media will now need to get a permit for each property to do so. No consultation was carried out among the agents and RERA before the email communication was sent, therefore nobody really knows how this is fully going to work as of yet. We anticipate a significant drop in the number of properties listed online, as fake advertisements are removed.