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Adamay Malik

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The Real Estate (Regulation and Development) Act, 2016 (RERA) is a pivotal Indian in legislation enacted in 2016 and enforced in 2017 to address longstanding issues in the real estate sector. Aimed at enhancing transparency, accountability, and efficiency, RERA is crucial in safeguarding the interests of homebuyers and stakeholders. This study delves into RERA& and fundamentals, highlighting its significance, goals, and benefits in rectifying challenges such as project delays and unscrupulous practices. The need for real estate regulation in India is emphasized due to the sector's impact on employment, economic growth, and urbanization. While discussing challenges prevailing before RERA, the study acknowledges the transformative changes initiated by RERA, including defining "carpet area" mandatory project registration, and promoter responsibilities. Despite positive influences on buyer confidence and developer conduct, the study critically assesses challenges such as limited applicability and jurisdictional ambiguities. It concludes by emphasizing RERA’s transformative impact, recognizing the need for ongoing improvements to make it a global example of transparency and growth in the real estate sector.




Project Delays

Jurisdictional Issues

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