ANDHRA PRADESH REAL ESTATE REGULATORY AUTHORITY
In current real estate market, real estate agents play a major role in influencing the decision making of consumer/home buyer regarding the selection of project in which they want to invest their hard earned money. it is difficult for the consumer/homebuyer to select a real estate agent whom he can trust and who has an efficient track record. Most of the time consumer/home buyers select Real estate agents based on the reviews given by our friends and known people, but there is lack of objective credibility measurement of the agent. With RERA in place all the real estate agents need to register, be verified and certified, in order to facilitate a real estate transaction. Simultaneously, APRERA will grade the real estate agents based on the documents and information submitted by them during the process of registration. This will improve the overall transparency and accountability in the sector.
To Real Estate Agents
APRERA will collect the information and documents submitted by Real estate agents for registration and analyze them based on the set parameters. The primary focus is to determine the credibility real estate agent. After analyzing the set parameters, a rating will be assigned and the real estate agent would be under surveillance throughout his/her tenure.
Real Estate Agent track record
It is the endeavour of Andhra Pradesh, India’s Sunrise state, to facilitate the growth and promotion of a healthy, transparent, efficient and competitive ecosystem for Real Estate sector thereby accelerating investments, economic development and most importantly, protecting the interests of the home buyers in the state.
Andhra Pradesh Real Estate Regulatory Authority (APRERA) has been formed as a regulatory body towards achieving this objective and I strongly believe the new framework can act as a catalyst to potentially create world class cities and transform Andhra Pradesh as the most desired place to live in India.
With APRERA, development takes the center stage and it is the firm commitment of my government to create a level playing field for all the stakeholders i.e. Home buyers, Developers, Agents and Investors to achieve my desire to build a "HAPPY STATE".
SRI NARA CHANDRABABU NAIDU
Hon'ble Chief Minister of Andhra Pradesh