PM Modi Stresses Importance of RERA Compliance to Restore Trust in Real Estate
Prime Minister Narendra Modi has urged state governments to ensure the mandatory registration of all eligible real estate projects under RERA, emphasizing the need for strict adherence to the Act to rebuild homebuyer confidence.
ReraReal EstatePm ModiHomebuyersTrustReal EstateMay 28, 2025
PM Modi, during a PRAGATI meeting on May 28, highlighted the importance of strict adherence to Real Estate Regulatory Authority (RERA) provisions to restore trust in the housing sector. He stressed the need to enhance the quality and timeliness of grievance redressal to ensure justice and fairness for homebuyers.
The remarks came as Modi reviewed three major infrastructure projects worth over ₹62,000 crore under the PRAGATI initiative—an ICT-based multi-modal platform for proactive governance and timely implementation. According to an official statement, the projects span the road transport, power, and water resources sectors across various states and union territories.
During a review of public grievances linked to the Real Estate Regulatory Authority (RERA), Modi emphasized the need to improve the quality and timeliness of grievance disposal to ensure justice and fairness for homebuyers. He asked state governments to ensure the mandatory registration of all eligible real estate projects under the RERA Act. Strict compliance with RERA provisions is critical for restoring trust in the housing market, he said.
PM Modi highlighted that project delays not only lead to cost overruns but also deprive citizens of essential infrastructure and services. Emphasizing the strategic importance of these projects, he called for concerted efforts to overcome implementation bottlenecks and ensure their timely completion.
He urged all stakeholders to prioritize efficiency and accountability, stressing that timely delivery is critical to maximizing socio-economic outcomes. In the PRAGATI meetings held so far, 373 projects worth around ₹20.64 lakh crore have been reviewed, the statement said.
RERA, enacted in 2016, aims to protect the rights of homebuyers and streamline the real estate sector. The Act requires all real estate developers to register their projects with the respective state RERA authorities and adhere to strict guidelines to ensure transparency and accountability. The implementation of RERA has been a significant step towards bringing much-needed regulation to the real estate market, which has long been plagued by delays and malpractices.
Frequently Asked Questions
What is RERA and why is it important?
RERA stands for Real Estate (Regulation and Development) Act, which was enacted in 2016 to protect the rights of homebuyers and streamline the real estate sector. It requires all real estate developers to register their projects with the respective state RERA authorities and adhere to strict guidelines to ensure transparency and accountability.
Why did PM Modi emphasize RERA compliance?
PM Modi emphasized RERA compliance to rebuild homebuyer confidence and restore trust in the housing sector. Strict adherence to RERA provisions is crucial for ensuring justice and fairness for homebuyers and enhancing the quality and timeliness of grievance redressal.
What are the consequences of non-compliance with RERA?
Non-compliance with RERA can result in penalties, legal action, and the suspension or cancellation of project registrations. Developers who fail to adhere to RERA guidelines can face significant financial and legal consequences.
How does RERA benefit homebuyers?
RERA benefits homebuyers by providing a transparent and regulated environment. It ensures that developers adhere to timelines, provide accurate information about projects, and handle grievances efficiently. This helps in reducing delays, cost overruns, and other malpractices.
What role do state governments play in RERA compliance?
State governments play a crucial role in RERA compliance by registering eligible real estate projects, monitoring adherence to RERA guidelines, and ensuring the timely resolution of homebuyer grievances. They are responsible for enforcing the Act and taking action against non-compliant developers.
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