Center will soon launch the e-commerce portal for real estate trade

LUCKNOW: The Center will begin an e-commerce portal that brings together the national real estate industry on a single platform, Union Minister for Housing and Urban Affairs, Hardeep Singh Puri, said Monday.

The portal will be an aggregator, destined to organize an industry that is massive but also oriented to the region. It will gather inventory, rates and resources throughout India in a common site. Puri spoke at Rera's first national conclave, an event that in itself marked significant progress in the transformation of real estate into an organized industry supervised by the control body, Rera, which was formed in 2016. Puri said the conclave It would become an annual event. .

The host, the prime minister of the UP, hinted at possible financial problems for developers in the state in the near future. Noida, one of the most fertile land for industry in the country, is also currently among its biggest problems, with bankrupt real estate agents and thousands of floors that are delayed up to a decade or more, symbolized by Jaypee and the crisis. We will make an announcement in a week, which will restore the confidence of buyers and builders in the industry, the CM announced, adding more than one lakh floors in Noida and had been delivered since it took over as CM.