Is RERA Effective for Home Buyers? Moneylife Foundation & HDFC's Report Finds Out
6 On Tuesday, Union minister for housing and urban affairs, Hardeep Singh Puri, released a report prepared by Moneylife Foundation to document the efficacy of Real Estate Regulation and Development Act, 2016 (RERA) in India from the consumer perspective. The research project, made possible due to the support of Housing Development Finance Corp (HDFC) and its top management team, highlighted that RERA has been a game changing legislation that has imposed discipline, transparency and accountability on developers and intermediaries. However, the "Report on Efficacy of RERA From the Con...