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Regulating Real Estate In Haryana: HRERA’s Shield For Buyers And Scrutiny For Developers




Devesh Sharma & Vaishnavi Pandey, Chanakya National Law University


HISTORICAL BACKGROUND


With the exponential rise of the real estate sector in India, the need for a robust regulatory framework became increasingly urgent. Addressing this necessity, the Real Estate (Regulation and Development) Act, 2016, commonly known as the RERA Act, marked a watershed moment in the country’s real estate landscape. Enacted to curb rampant malpractices such as project delays, misleading advertisements, and exploitative conduct by developers, RERA introduced a much-needed layer of accountability and transparency. Originally tabled in Parliament in 2013 and reviewed by a select committee in 2015, the final Act came into force in 2016, structured across 10 chapters and comprising 92 sections.


At its core, RERA aims to protect the interests of homebuyers while ensuring fair play within the industry. To implement its provisions at the ground level, state-specific Real Estate Regulatory Authorities were set up. Among them, the Haryana Real Estate Regulatory Authority (HRERA) has emerged as a significant mechanism in regulating one of India’s fastest-growing real estate markets. HRERA plays a dual role: it acts as a shield for homebuyers, safeguarding their rights and ensuring the timely delivery of projects, while simultaneously placing developers under strict scrutiny to ensure compliance with legal and ethical obligations.


This article explores the evolution, objectives, and operational framework of HRERA. It further examines the challenges encountered by both buyers and developers under its ambit and evaluates how effectively HRERA balances the scales in Haryana’s dynamic real estate environment.


FRAMEWORK FOR HRERA


Two benches are established under HRERA, i.e. Panchkula Bench and Gurugram Bench. These benches facilitate the resolution of real estate disputes and ensure the fair and effective implementation of the Real Estate (Regulation and Development) Act in their respective jurisdictions. ....



Indian Journal of Law and Legal Research

Abbreviation: IJLLR

ISSN: 2582-8878

Website: www.ijllr.com

Accessibility: Open Access

License: Creative Commons 4.0

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All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

 

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The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

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