Context: So far, the journey of Real Estate (Regulation and Development) Act (RERA) was successful and brought in a lot of benefits, especially for the consumers in the real estate sector.
Problems with Pre RERA laws
Benefits accrued from the enactment of the RERA:
Challenges faced by RERA:
Success story of RERA:
Conclusion: Thus, the history of urban India and the real estate sector will always be remembered in two phases — “Pre RERA” and “Post RERA”.