Real Estate (Regulation and Development) Act, 2016: A Critical Appraisal of Reform and Implementation
The Real Estate (Regulation and Development) Act, 2016 (RERA), represents a landmark legislative intervention by the Indian Parliament, designed to bring about accountability, transparency, and efficiency in the real estate sector. Prior to RERA’s enactment, the sector suffered from systemic irregularities such as project delays, diversion of funds, and the absence of a dedicated dispute resolution mechanism.
