Opinion: Real Estate Act — Overcoming The Domino Effect Of Delays & Legal Ambiguities To Reinvigorate Sector 

While the Real Estate (Regulation and Development) Act, 2016, has standardised real estate practices — streamlining approvals, reducing malpractices, and adoption of digital tools — there have been numerous challenges. Representational image.

Source : PTI

On March 4, the Supreme Court remarked that the functioning of the Real Estate Regulatory Authority (RERA), established to protect the investment of homebuyers and promote the real estate sector, has been disappointing. This has triggered questions surrounding the transparency, accountability, and efficiency of the RERA, and the need for regulatory improvements in its functioning. RERA was established under the Real Estate (Regulation and Development) Act of 2016 to protect homebuyers and