The RERA Conundrum: When Regulation Fails to Protect the Buyer The Real Estate (Regulation and Development) Act of 2016 was hailed as a game changer for Indian homebuyers, providing much needed protection from predatory builders.
However, recent findings from the Forum for People's Collective Efforts suggest that RERA's promise remains largely unfulfilled.
A case in Karnataka highlights the problem: a buyer paid Rs 91 lakh towards a flat that was already running behind schedule.