The Kerala Real Estate Regulatory Authority has launched a QR code for each K-RERA project to assist home buyers
The Kerala Real Estate Regulatory Authority has launched a QR code for each K-RERA project to assist home buyers.
As per the latest regulations issued by the Kerala RERA, real estate projects in Kerala would have to include a QR code. With this action, the industry hopes to become more efficient and easily accessible to potential buyers. When the QR code is scanned, entire details on the property, such as the project's specifics, the builder's licenses, the approvals received, and other pertinent documents, are displayed.
This step by Kerala-RERA is a significant leap towards creating a fair and informed real estate market in the state. By making it mandatory for developers to use QR codes, potential buyers can access all essential information about a project before making any investment decision. This not only helps buyers make more informed choices but also adds an additional layer of safety and reduces the risk of fraudulent activities in the sector.
The introduction of QR codes will undoubtedly promote digitization within the real estate industry. It offers convenience for both buyers and sellers as all relevant details can be accessed through a mobile device without having to rely on physical paperwork or extensive research. Moreover, this innovative approach aligns with global best practices where technology plays a crucial role in fostering transparency and trust between stakeholders involved in real estate transactions.