Browsing: RERA Success

Headlines RERA Members, RERA, Real Estate Regulation Act, Real Estate Regulatory Authority, RERA Success, RERA Failures, RERA Judgments, RERA Non Compliance, India Real Estate News, Indian Realty News, Real Estate News India,India Property Market News, Best Property Portal, Best Real Estate News Website, Real Estate Journalists

Is RERA a rehabilitation center of ex bureaucrats?

RERA is yet again under the scanner after the Supreme Court of India questioned whether it is a rehabilitation center of ex bureaucrats. The functioning and performance of RERA, or rather lack of it, has been challenged at each and every level in now nearly 8 years of its existence. A Track2Realty report. Wait! I am not giving any opinion. My opinion is already there in the public domain. Now the Apex Court in the country, the Supreme Court of India is saying so. I have always maintained that the very purpose of RERA was defeated when the ex-Bureaucrats were made the Chairman and members.

Reports RERA, RERA Success, Real Estate Litigations, Property Disputes, Builder Buyer Disputes, Property Cheating

RERA doesn’t evoke confidence of the homebuyers

Projects worth INR 4,64,300 crore for a total of 575,900 units are already significantly behind schedule. These 5,75,900 units have been stuck since 2013 or before. However, what is even more disturbing than these staggering number is the fact that in many of the states RERA has been diluted to the extent that it allows the erring developers with the existing projects to get away with the fault lines.