Whalesbook
Seven years after coming into full effect, the Real Estate (Regulation and Development) Act (RERA) has significantly reformed India's property market. Introduced to combat project delays and restore buyer confidence, RERA mandates project registration, financial transparency, and adherence to timelines. Experts highlight increased accountability for developers, enhanced buyer rights, and improved grievance redressal, making the sector more predictable and consumer-centric, though challenges in implementation persist in some states.