»RERA: What India's First Real Estate Regulatory Act Seeks to Achieve And Why It's Necessary 3-MIN READ RERA: What India's First Real Estate Regulatory Act Seeks to Achieve And Why It's Necessary Workers paint the exteriors of a newly constructed residential building on the outskirts of Kolkata, India, July 5, 2019. (Reuters) The RERA seeks to protect the interests of home buyers and also boost investments in the real estate sector. FOLLOW US ON: Minister of Housing and Urban Affairs, Hardeeop Singh Puri in an article on Wednesday wrote, Real Estate (Regulation and Development) Act (RERA) has transformational provisions, conscientiously addressing issues which have been a constant bane for the sector.