Abstract

The RERA Act received widespread acclaim for its objectives to regulate a sizable and mostly unregulated sector marked by significant consumer investment and grievances. Seven years after the RERA Act, this report draws on data available in the public domain from 18 RERAs and their websites to take stock of the progress made in relation to the remit of RERA activity, the extent and timeliness of project disclosures, arrangements for grievance redress and institutional functioning of real estate regulatory authorities.