7 Years of RERA Of Promising Gains, Challenges & Pitfalls

After seven years of its journey, the landmark reform of RERA (Real Estate Regulatory Act) has made some remarkable gains in terms of regulating the sector and protecting the interests of homebuyers. Especially considering that two crucial years were lost due to the Covid pandemic; however, RERA is still grappling with challenges and is yet to achieve the full potential of the game-changing Regulatory Act.
Vinod Behl

RERA was established under the Real Estate (Regulation & Development) Act 2016 with an aim to regulate the real estate sector and empower homebuyers and protect their interests by bringing in accountability and transparency in primary market transactions between buyers and sellers.

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