Five years of RERA: Failures and shortcomings outweigh benefits, say activists
The Hindu
They say because of lack of transparency on RERA website, home buyers are unable to make an informed choice
It has been five years since the Real Estate (Regulation and Development) Act, 2016 was enacted in the country. However, its failures and shortcomings outweigh its benefits by a wide margin in the State, says the Forum for People’s Collective Efforts (FPCE) which has been at the forefront of the movement for RERA even before the Act was enacted. Writing to the Chief Minister and other key functionaries, FPCE has called for a reboot of RERA in the State, demanding more transparency by the authority. “We need to ask a few questions to evaluate the effectiveness: how many new projects have been completed within the stipulated time, what is the average delay in completion of projects and how many projects have had no complaints against them,” stated FPCE in the letter, adding that not many new projects have been completed within the stipulated time.
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