Andhra Pradesh Welcomes New RERA Chairman: G. Siva Reddy Takes the Helm

In a significant development for the real estate sector in Andhra Pradesh, the state government has officially appointed G. Siva Reddy, a distinguished retired judge of the Andhra Pradesh High Court, as the new Chairman of the Andhra Pradesh Real Estate Regulatory Authority (APRERA). This crucial announcement, made through a Government Order (G.O.

Ms. No. 34) issued by the Housing Department, marks a new chapter for the regulatory body tasked with overseeing the state's burgeoning property market.

The appointment of Justice Siva Reddy comes at a pivotal time, as APRERA plays a vital role in ensuring transparency, accountability, and fair play within the real estate industry.

His extensive experience and profound understanding of legal frameworks are expected to bring robust leadership and an unwavering commitment to upholding the rights of both homebuyers and developers.

Justice Siva Reddy's tenure as Chairman will span a period of three years, or until he reaches the age of sixty-five, whichever comes first.

This duration provides ample time for him to implement strategic initiatives and strengthen the regulatory mechanisms that are essential for fostering a healthy and trustworthy real estate environment in Andhra Pradesh.

The State government's decision to appoint a figure of Justice Siva Reddy's stature underscores its dedication to consumer protection and its vision for a well-regulated real estate market.

Stakeholders across the industry, including developers, agents, and prospective homebuyers, are now looking forward to a period of enhanced governance and streamlined processes under his guidance. His leadership is anticipated to further boost investor confidence and ensure the rapid yet responsible growth of the state's real estate sector.