Lucknow: Homebuyers must ensure the builder and the project they are investing in are registered with the Real Estate Regulatory Authority (RERA), experts cautioned at the Times Property Expo in the city, on Sunday. They said real estate sector may have become more transparent in recent years, customer awareness was essential to avoid fraud.
MI group director Syed Mohammad Qadir Ali, advised buyers to check whether builder was RERA-registered and funds were being deposited in RERA escrow account and that even after registration, if rules are violated, customers can lodge complaint.
COO of Eldeco Housing and Industries Ltd, S K Jaggi, said full compliance with RERA norms is a work in progress but has made the sector more accountable and system-driven, helping it gain buyer confidence.
General manager of Ekana Sports City, Wasif Ali Siddiqui, said, “Lucknow’s real estate offers excellent returns, improved infrastructure, new expressways and better connectivity in areas like Sultanpur Road, attracting investors from Kanpur, Bengaluru and Gujarat. The city is a true metro, with leading hospitals and international hospitality brands.”
COO of Amrut Farms, Garvesh Srivastava, said, “More than land, we’re developing a community. Our plots have organic fruit orchards, vegetable gardens and fresh air for self-sufficiency and help reconnect with nature. Our agricultural land project promotes chemical-free food and open living for healthier, slower lifestyles.”
LDA Vice Chairman Prathamesh Kumar said real estate sector had reformed with RERA and improved infrastructure. “We are committed to providing quality, affordable housing,” he added.
