RERA and impact on Indian real estate

RERA and impact on Indian real estate

The Real Estate (Regulation and Development) Act, 2016 (RERA) is a landmark law that regulates the Indian real estate sector and protects homebuyers. Implemented through state-wise Real Estate Regulatory Authority, RERA mandates project registration, disclosure of approvals, carpet area transparency, and strict timelines for project delivery. Developers must deposit 70% of project funds in an escrow account, reducing fund misuse. RERA also provides fast-track dispute resolution and penalties for delays or false advertising. Overall, RERA has improved transparency, accountability, and buyer confidence in India’s residential and commercial real estate market, making property investment safer and more reliable.