From Uncertainty To Assurance: RERA’s Transformation Of The Homebuying Experience
- IJLLR Journal
- May 30
- 1 min read
Kyra Singh, BBA LLB, Symbiosis Law School, Noida
ABSTRACT
The Real Estate (Regulation and Development) Act, 2016 (RERA) was enacted to dichotomously balance the rights of buyers and builders. The Act aimed to streamline the laws to protect the rights of promoters and allottees, bring transparency, accountability, fairness, and make the process unambiguous. This was a transformative move in India’s real estate sector. For years, buying a home in India felt like a gamble. Many families, after saving for decades, found themselves facing endless delays, vague promises, and a maze of confusing paperwork. The arrival of the Real Estate (Regulation and Development) Act, 2016, better known as RERA, brought a wave of hope to countless homebuyers. This article looks closely at how RERA has changed the way people buy homes in India. It explores the new rules that force builders to be more transparent, the safeguards that ensure buyers’ money is protected, and the faster ways of resolving disputes that RERA has put in place. This article highlights where RERA has made a real difference and where there’s still work to be done. The findings show that while RERA has gone a long way in restoring trust and confidence for buyers, there are still gaps in how the law is put into practice, and more awareness is needed for everyone to truly benefit.
Keywords: RERA, homebuyers, regulatory framework, transparency, buyer rights.
