Realtors turn to lawyers to sail through RERA shake-up

States such as Maharashtra have made it mandatory for developers to register the ongoing projects

With the Real Estate (Regulation and Development) Act, or RERA, in place in several states, property developers are increasingly reaching out to lawyers to comprehend the law, which has strict rules and provides harsh penalties for violations. 

Leading lawyers and solicitors have seen over 50 per cent jump in enquiries from developers in recent months, according to sources in the sector. “There is a rush of enquiries from developers. They need to revisit their agreements, and understand the law and precautions to be taken. Even buyers want to know their rights under RERA,” said Sundip Mullick, partner at Khaitan & Co,