The Supreme Court has expressed severe dissatisfaction with the performance of the Real Estate Regulatory Authority (RERA) in a recent case involving private builders. The court's critique highlights the need for more stringent regulation and enforcement
ReraSupreme CourtReal EstateRegulationConsumer ProtectionReal Estate MumbaiMar 04, 2025
RERA, or the Real Estate Regulatory Authority, is a regulatory body established under the Real Estate (Regulation and Development) Act, 2016. Its role is to promote transparency, fairness, and accountability in the real estate market by ensuring that developers adhere to rules, provide timely project deliveries, and maintain high standards of construction.
The Supreme Court criticized RERA for its underwhelming performance in addressing consumer complaints and ensuring regulatory compliance among private builders. The court highlighted the authority's inefficiency and lack of proactive action in handling issues within the real estate sector.
Under the Real Estate (Regulation and Development) Act, 2016, RERA is responsible for regulating the real estate sector, ensuring compliance with the act's provisions, protecting the interests of homebuyers, and maintaining transparency and accountability in the operations of developers.
The Supreme Court's decision is expected to lead to more robust regulatory frameworks and stricter enforcement mechanisms. This could result in a more transparent and trustworthy environment for both developers and buyers, ultimately benefiting the growth and stability of the real estate market.
The Supreme Court has directed RERA to take immediate steps to rectify the current issues and to be more proactive in its regulatory efforts. This includes addressing consumer complaints, ensuring timely project deliveries, and enforcing compliance with regulatory norms.
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