Formulation & Implementation of Real Estate Business Development Process for House of Hiranandani under Real Estate (Regulation and Development) Act, 2016

Abstract

Real Estate Regulation & Development Act, 2016 which is passed in March 2016 & their all section come in force from 1 may 2017 in India. This Act mainly effect to Business Development process of Real Estate Sector. The Real Estate Development Process involves three major groups- consumer group, a production group, and a public infrastructure group. Information generation and sharing is an integral part of the real estate development process, but can this information flow be effectively Process led? Is there a simple yet information ally-rich methodology to detail and understand how it is shared between parties in a complex Real Estate Development? Because the Process is unpredictable, many developers fail to plan as per Real Estate Development, relying on their past experiences or ability to solve problems as they arise. Practitioners who do attempt to Process the development process typically use scheduling and project management software to list out the necessary tasks that occur. In this study analysed effect of Real Estate Regulation & Development Act, 2016 for House of Hiranandani and found difference between Maharashtra, Karnataka, Tamil Nadu and Telangana States. Other side list out effect of RERA on Real estate Sector & House of Hiranandani. Then combine above analysis to find out the parameters which affect the Real Estate Business Development Process. Here attempt made to define & elaborate Real Estate Development process along with financial process.