Strict RERA Compliance Key to Reviving Trust in Housing Sector: PM Modi
Prime Minister Narendra Modi has emphasized the importance of strict adherence to RERA provisions to restore trust in the housing market. He called on state governments to ensure mandatory registration of all eligible real estate projects under RERA.
ReraHousing SectorReal EstatePm ModiPragatiReal Estate NewsMay 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.
Frequently Asked Questions
What is RERA?
RERA stands for the Real Estate (Regulation and Development) Act, which is a regulatory framework aimed at protecting homebuyers and promoting transparency in the real estate sector.
Why is PM Modi emphasizing strict RERA compliance?
PM Modi is emphasizing strict RERA compliance to restore trust in the housing market, ensure timely project completion, and enhance grievance redressal for homebuyers.
What is the PRAGATI initiative?
PRAGATI is an ICT-based multi-modal platform for proactive governance and timely implementation. It reviews major infrastructure projects to ensure their smooth and timely completion.
What are the key benefits of RERA compliance?
Key benefits of RERA compliance include increased transparency, timely project delivery, protection of homebuyers' interests, and improved grievance redressal mechanisms.
How many projects have been reviewed under PRAGATI so far?
So far, 373 projects worth around ₹20.64 lakh crore have been reviewed under the PRAGATI initiative.
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