“Brick by Brick: Enforcing Accountability in Real Estate Through RERA”
The Indian real estate sector, once riddled with delays, non-transparency, and buyer helplessness, underwent a major transformation with the introduction of the Real Estate (Regulation and Development) Act, 2016—commonly known as RERA. This legislation aimed to bring transparency, efficiency, and buyer protection to one of India’s most vital economic sectors. RERA has since become a powerful tool in restoring trust and enforcing accountability, one project—and one promise—at a time. Why Was RERA Introduced? Prior to RERA, property buyers often found themselves powerless against developers who: Delayed possession for years Changed building plans without consent Sold units without proper registration or documentation Misused funds or over-promised amenities With disputes mounting, the government introduced RERA to regulate the sector and create a fast-track grievance redressal mechanism. Key Features of RERA Mandatory Registration:All…