Business Today

Improve RERA Implementation

RERA has increased transparency but it lacks in leveraging technology and a large inventory of real estate projects remains outside its purview

The real estate sector got its most efficient cleansing agent in the form of the Real Estate (Regulation and Development) Act (RERA), 2016, on May 1, 2017. This was expected to be a major step towards decoding the unregulated sector, ensuring transparency and quality and redressing buyer grievances.

RERA was introduced to ensure that consumers' interests are protected and that builders are held responsible. The national

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