Govt reviews RERA functioning, begins meetings with homebuyers The Indian Express
Eight years after Parliament passed the Real Estate (Regulation and Development) Act, 2016, the Union Ministry of Housing and Urban Affairs is in the process of reviewing the functioning of the Act, including by holding regular meetings with homebuyers and setting up a data collection unit within the Ministry, The Indian Express has learnt.
This, sources said, is to lay the groundwork for any future amendment to the Act, though there is no immediate proposal for the same. Under the Act, state-level Real Estate Regulatory Authorities (RERAs) have registered over 1.09 lakh real estate projects and disposed of over 1.11 lakh complaints, as per data provided by the Ministry to the Lok Sabha in August 2023
