The Indian government has announced the creation of a nationwide database of real estate projects to help potential homebuyers make informed decisions. The database, accessible through a newly launched unified portal, will provide details on projects by different builders across the country.
Real EstateReraHomebuyersMaharashtraDatabaseReal Estate MaharashtraSep 04, 2025
RERA stands for the Real Estate (Regulation and Development) Act, 2016. It is a law enacted by the Indian government to protect homebuyers and promote transparency in the real estate sector.
The purpose of the nationwide database is to provide potential homebuyers with detailed information about real estate projects across the country, helping them make informed decisions and ensuring transparency in the market.
Homebuyer representatives opposed Maharashtra's separate law because it could undermine the uniform framework of RERA, create jurisdictional confusion, and potentially lead to 'forum shopping' by builders.
The RERA Central Advisory Council recommended measures to ensure effective implementation of RERA orders, curb misleading advertisements, bring uniformity in RERA implementation, and focus on next-generation reforms in RERA.
The unified portal will benefit homebuyers by providing them with access to a comprehensive database of real estate projects, including details about different builders and the status of projects, helping them make informed decisions.
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This initiative could lead to a more balanced real estate market, potentially stabilizing property prices in over-crowded urban areas while opening new opportunities in these smart cities.
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