Real Estate Regulation: Ironing out Difficulties in Implementing the RERA Act, 2016

Varun Panickar  | 2018

Abstract

The Real Estate (Regulation and Development) Act, 2016 came into force on the 1st of May 2017. The legislation represents a paradigm shift in the nature of regulation in the real estate sector, by appointing a sector-specific regulator. Several states have been struggling to put in place the new framework under the Act. This policy brief seeks to highlight some of these issues and provide appropriate recommendations for them.