Review of RERA rules likely to save home buyers from errant builders

As state after state diluted rules to regulate real estate, SC ordered a relook

If homebuyers are forced to do even more extensive due diligence for an under-construction project than earlier, one reason is that states have diluted the 2016 Real Estate (Regulation & Development) Act or RERA, allowing developers to flout the rules.

With each state having diluted the rules differently, the task has become even more complex for home buyers. This is why the Supreme Court recently asked the Ministry of Housing and Urban Affairs to undertake a detailed scrutiny of RERA rules in every state.

All ongoing construction projects which have not received a completion certificate prior to commencement of the