Dr. Sushma Singh, Assistant Professor, School Of Law, Sharda University
Bench: Justice Uday Umesh Lalit, Justice Vineet Saran
People buying or registering as assignments for their new homes, often named as homebuyers, have few remedies at their disposal, as there is always a lagoon in the agreement signed with them that places them in a limbo, where they cannot reach wherever they have to go to seek justice or any kind of compensation. The Indian Parliament passed the Real Estate (Regulation and Development) Act, 2016, with the purpose of safeguarding homebuyers and encouraging real estate investment. In each state, the Act established a Real Estate Regulatory Authority (RERA) to govern the real estate market and act as an adjudicating authority for speedy dispute resolution. To restore confidence in our country's real estate sector, a rule like RERA was required. It is one of our country's most important cash generators, and it requires a transparent government body to maintain track of developers. The Consumer Protection Act of 2019 (CP Act) proposes a host of changes and tightens existing legislation to protect consumer rights even further. The Act's highlights included the creation of a central regulator, tough fines for misleading marketing, and standards for e-commerce and electronic service providers. However, a court reject an appeal on the argument that RERA barred remedies under the Consumer Protection Act. Let us to this current leading case in order to know about this issue more.
