RERA doing nothing except facilitating defaulting builders: SC

The Supreme Court of India has criticized the Real Estate Regulatory Authority (RERA) for its perceived ineffectiveness in protecting homebuyers, stating that it appears to be enabling builders who default on their commitments. The court's remarks came during a hearing concerning the rights of consumers in the real estate sector, highlighting the ongoing issues faced by buyers who invest in properties that are delayed or abandoned. The apex court expressed concern that RERA, intended to safeguard consumer interests, seems to have failed in its primary role, allowing builders to evade accountability for their obligations. This criticism sheds light on the broader challenges within India's real estate regulatory framework, which was established to enhance transparency and ensure timely project delivery. As homebuyers continue to face obstacles in seeking justice, the ruling raises significant questions about RERA's operational efficiency and its impact on the real estate market. The Supreme Court's intervention may prompt a re-evaluation of RERA's policies and enforcement mechanisms to better serve the interests of consumers and restore confidence in the sector.