Real Estate

RERA's Next Phase: A Balanced Approach for Homebuyers and Developers

By GeoSquare News Desk · Published 2026-10-14

India's real estate regulator, RERA, has transformed the way housing projects are marketed and delivered. However, as the sector matures, industry stakeholders are calling for a more balanced approach—one that safeguards homebuyer interests while allowing responsible developers to function without undue pressure.

The Multi-Agency Bottleneck

Real estate development is not a single-window process. A developer depends on multiple authorities for sanctions, environment clearances, utility approvals and occupancy certificates. Delays often occur at these stages, leaving builders caught between statutory timelines and RERA's compliance deadlines.

What the Next Phase of RERA Could Look Like

Experts suggest that the next phase of RERA should distinguish between delays caused by developers and those arising from government agencies. A more nuanced framework could improve accountability across the board, reduce litigation, and ensure that genuine buyers are not left stranded due to factors beyond a developer's control.

Why This Matters for Maharashtra

For Maharashtra's property markets—Mumbai, Pune, Thane and Nagpur—RERA has brought greater transparency in project registration and buyer agreements. A balanced regulatory environment would encourage timely completion of projects, boost investor confidence, and support the state's growing demand for quality housing.