Forbes India 15th Anniversary Special

RERA: A law under construction

Published: May 16, 2018 02:55:58 PM IST
Updated: May 16, 2018 03:27:49 PM IST

RERA: A law under constructionImage: Shutterstock

The real estate (regulation and Development) Act (RERA) turned a year old on May 1. The establishment of real estate regulators was meant to address the grievances of home buyers, such as delays in projects. However, the implementation of the Act across India’s 28 states (the law is not applicable in Jammu & Kashmir) and seven Union Territories (UTs) is nowhere close to its desired goal:

RERA: A law under construction

(This story appears in the 25 May, 2018 issue of Forbes India. To visit our Archives, click here.)